Many people are surprised to learn that owning a home may be more affordable than renting a home here in Kodiak. If you are ready to transition to home ownership, Mutual Help Homeownership Program are for Alaska Native and American Indian applicants (AIAN).

Qualifications

• Proof of Alaska Native or American Indian heritage
• Proof of income (must not exceed 80% of the Median Family Income for Kodiak)
• A complete application with all supporting documents

This program offers homes built by KIHA between 1978 and 2002. Mutual Help is a lease-to-own program for low-income families with an option to purchase. Monthly house payments are based on income and the homebuyers are responsible for all maintenance and utilities. A $1,500 down payment is sometimes required.

Check out this helpful Q&A document about the program for more information.