Note: This program has expired.
July 24, 2003 - The Alaska Housing Finance Corp. board has approved a pilot program to make home ownership more accessible to low-income Alaskans with disabilities. The Anchorage-based state housing agency manages more than 4,000 Housing Choice Vouchers statewide that help low-income Alaskans with their rent. The pilot program allocates 10 rental vouchers instead to the agency's HCV Homeownership program, letting people with special housing needs due to disabilities use the voucher payments as mortgage payments, AHFC said.
Participants must be a first-time home buyer and make a 3 percent down payment, with at least one-third of that coming from the family's personal resources, AHFC said.