With this loan, the Alaska Housing Finance Corporation (AHFC) will fund homeowners' associations (HOAs) common area improvements. The improvements made must be necessary for the health and safety of the property's residents or for the structural integrity of the building, but can include improvements made for energy efficiency. AHFC offers 15 year, fixed-interest rate term financing. The association may need to acquire a construction loan or short term financing for upfront costs, as the loan is not paid out until the upgrades are complete.
The homeowners' association should submit a proposal to AHFC for preliminary approval. The forms to start this loan process are located on the program web site. Loan limits are determined on a case-by-case basis. This loan is only offered to active HOAs in Alaska.
| Implementing Sector: | State |
| Category: | Financial Incentive |
| State: | Alaska |
| Incentive Type: | Loan Program |
| Web Site: | http://www.ahfc.us/pros/loans/association-loan-program/ |
| Administrator: | Alaska Housing Finance Corporation |
| Start Date: | |
| Eligible Renewable/Other Technologies: |
|
| Loan Term: | 15 year term |
| Interest Rate: | Fixed rates; contact program for details |
| Name: | Michelle Graves |
| Organization: | Alaska Housing Finance Corporation |
| Address: |
4300 Boniface Parkway Anchorage AK 99504 |
| Phone: | (800) 478-2432 |
| Email: | mgraves@ahfc.us |
This information is sourced from DSIRE; the most comprehensive source of information on incentives and policies that support renewables and energy efficiency in the United States. Established in 1995, DSIRE is operated by the N.C. Clean Energy Technology Center at N.C. State University.
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