CLOSING COST ASSISTANCE
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.
Closing Cost Program Policy
Closing Cost Application
TRIBAL REHABILITATION HOME REPAIR
BIHA has a limited funding available for the repair of homes owned by enrolled citizens of the Sitka Tribe of Alaska (STA), Alaska Natives, and American Indians.
Through utilization of NAHASDA funds, and leveraging funds from other sources whenever possible, BIHA hopes to improve the quality of life and the condition of housing occupied by eligible applicants living in Sitka.
For more information about Tribal Rehabilitation Home Repair and eligibility, click the link below for the TRHRP Program Policy.
TRHRP Program Policy
STUDENT HOUSING VOUCHER
As with all BIHA programs, the Baranof Island Housing Authority Student Housing Voucher Program, is subject to the same income eligibility requirements as BIHA’s General Admissions and Occupancy Policy for the sole purpose of determining eligibility for students. This does not include credit history.
Funds for this program are limited and will be awarded based on the date of completed application and preferences.
This program has been developed to increase opportunities and encourage tribal members to seek higher education and professional training. BIHA shall provide up to $1,000.00 per school year to income qualifying full-time students, and $500.00 per academic year to part-time students. The purpose is to assist students by reducing housing costs associated with obtaining higher education or professional training. A new application must be submitted each year.
Applications will be accepted for the applicable academic year until funding for the program year is exhausted.
For more information about the Student Housing Voucher Program and eligibility, click the link below for the Program Policy.
Student Housing Voucher
Student Housing Voucher
More information coming soon.