hey prescott.
See what you qualify for
Statewide programGrant

New Home Construction Rebate (AHFC)

New Home Construction Rebate (AHFC) is a grant for homebuyers in Statewide, Alaska, administered by Alaska Housing Finance Corporation (AHFC) - Alaska Housing Energy.

Last verified Source: Alaska Housing Finance Corporation (AHFC) - Alaska Housing Energy
Check if this fits me Official program site ↗

The program asks for

  • The home is occupied as a primary residence
  • Foundation completed/inspected on/after Jan 2, 2025; 5-Star Plus+ energy standard; owner-occupancy; completion within 18 months; licensed contractor; recipient receives 1099-G.
  • A home in Alaska

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

Where it applies

Alaska’s homes

  • 63.2% single-family
  • 7.8% townhouse
  • 12.4% 2–4 units
  • 12.5% 5+ units
  • 4.1% mobile & other

A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.

$352,900

Alaska median home value

36.8%

built before 1980

U.S. Census Bureau, ACS 2024 5-year.

How to apply

  1. Contact Alaska Housing Finance Corporation (AHFC) - Alaska Housing Energy to reserve funds

    Funds are reserved through Application portal app.alaskahousingenergy.us; first-come, first-served., and are subject to availability.

  2. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Questions about this program

What is New Home Construction Rebate (AHFC)?

New Home Construction Rebate (AHFC) is a grant for homebuyers in Statewide, Alaska, administered by Alaska Housing Finance Corporation (AHFC) - Alaska Housing Energy. AHFC's New Home Construction Rebate is a state-funded $10,000 rebate paid after completion of a newly constructed, owner-occupied Alaska home meeting a 5-Star Plus or higher energy standard. The foundation must be completed/inspected on or after January 2, 2025 and construction completed within 18 months of application. Funds are first-come, first-served until exhausted. $10,000 cash rebate for buying/building a new energy-efficient (5-Star Plus+) home. Funding comes from State of Alaska (state-funded rebate administered by AHFC).

How much assistance does it provide?

New Home Construction Rebate (AHFC) offers up to $10,000 in assistance. Amounts are the program's published maximums, not an offer — Alaska Housing Finance Corporation (AHFC) - Alaska Housing Energy determines any individual award.

Do you have to pay it back?

New Home Construction Rebate (AHFC) is structured as a grant, so it is not repaid. The assistance is recorded in None position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

New Home Construction Rebate (AHFC) is open to homebuyers who will live in the home as their primary residence. Foundation completed/inspected on/after Jan 2, 2025; 5-Star Plus+ energy standard; owner-occupancy; completion within 18 months; licensed contractor; recipient receives 1099-G.

What are the income limits?

New Home Construction Rebate (AHFC) sets its income limit as follows: No income limits stated. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

New Home Construction Rebate (AHFC) can be used for Single Family and 2-4 Unit. New construction is eligible.

Where does it apply?

New Home Construction Rebate (AHFC) serves homebuyers purchasing in Statewide, Alaska.

How do you apply?

Applications for New Home Construction Rebate (AHFC) go through Alaska Housing Finance Corporation (AHFC) - Alaska Housing Energy, which publishes the current terms and the application steps on its own site. Funds are reserved through Application portal app.alaskahousingenergy.us; first-come, first-served. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.

Also for Alaska homebuyers

Whether two programs can be combined is up to each agency. Ask before you apply.

All 76 programs for Alaska

Program terms are set by Alaska Housing Finance Corporation (AHFC) - Alaska Housing Energy and can change; confirm on the official site before you apply.