Looking for a quality, affordable home? Is owning a home is beyond your reach? We can help make the dream of homeownership a reality!
Our newest home building project (2016) will be in the central Mat-Su valley near Palmer or Wasilla. The final project location is coming soon! With a little hard work, owning your own home is within your reach. Mortgage payments are less than most rental housing. Quality, energy efficient homes and affordable payments. Monthly payments as low as $750. Home sizes are 1400 - 1600 SF, 3 bedroom and 4 bedroom plans with 2 bath & 2 car garage. 5 Star Plus Energy Rated. New construction. This style home is available through the USDA Mutual Self-Help Housing program.
Homes are built by mutual group construction under the direction of a construction supervisor. Skilled trades work is completed by contractors. Subsidized mortgages are financed by USDA Rural Development. Open to all applicants under 80% of the area median income (subject to credit, debt and loan qualifications). Affordable housing grant and loan assistance subject to eligibility ($25,000 conditional loan via Alaska Housing Finance Corporation Housing Development Program-0% interest with up to $10,000 conditionally forgiven). Prices include land, home and utility connections. With approved affordable housing funds this home is available for a primary loan amount of $180,000. Not every buyer will qualify for every home. All prices are for self-help housing, which includes a minimum of 30 hours per week of buyer labor contribution. For more information, contact Alaska Community Development Corporation (we are a non-profit housing assistance provider) at (907) 746-5680. We are here to assist you—no obligation or hard sales pitch!
Annual Income Guidelines for the Mat-Su Borough
Family Size 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person
Very Low-Income $31,250 $35,700 $40,150 $44,600 $48,200 $51,750