The Closing Cost Assistance program has been developed to assist qualified, low income families to obtain affordable housing by offering funds to assist with payment of the amount necessary to pay the costs associated with closing a conventional or leveraged mortgage loan. At the end of the fifth year of occupancy by the borrower, the amount loaned converts to a grant which is forgiven.
BIHA has a limited funding available for closing cost assistance for resident (Sitka area) Alaskan /American Indian families earning less than 100% of the area Median Family Income, (MFI).
For more information about the Closing Cost Program and eligibility, click the link below for the program policy.
BIHA is currently evaluating the Tribal Housing Rehabilitation Program. We will not be taking applications for the remainder of 2023 and will announce the new program in the second quarter of 2024.
This program has been developed to increase opportunities and encourage tribal members to seek higher education and professional training. BIHA provides up to $2,000 per school year to income qualifying full-time students, and $1,000 to part-time students. Funds granted are to be used for payment of school provided dormitory housing or rental of off-campus housing only.
The application period opens on the 1st of April for the academic year beginning in fall semester and will close on the 31st of May. Award notifications will be issued on or before July 31st. Funds for this program are limited and will be awarded based on eligibility criteria (tribal enrollment, student status at an accredited school, and income level).
For more information about the Student Housing Voucher Program and eligibility, click the links below for the Student Housing Voucher Program information and policy documents.
BIHA provides up to $2,000.00 per school year to income qualifying full-time students, and $1000.00 per academic year to part-time students. Funds granted are to be used for payment of school provided dormitory housing or rental of off-campus housing only. Applications for this program are available between April 1 – May 31 for use in the Fall semester. Download the program brochure and policy for more details.
Current Availability: Closed for 2023-24 School Year.