Interior Regional Housing Authority :: Programs

TEAM - Tribal Equity Advantage Mortgage

The TEAM Program has exhausted 2007 funds ... No new applications will be accepted until we get our next funding January 1, 2008

Interior Regional Housing Authority and First National Bank Alaska worked together to set up this program to bring homeownership within reach of Interior Alaska's Native Families. Owning a home is a dream for all Americans, including Native Americans. That's why we created TEAM, to help make homeownership more affordable to Native families with modest incomes. To be eligible for a TEAM loan you must:

Be a Native Alaskan or American Indian
Have a certificate of Indian blood card from the BIA or other positive identification of Native status and Tribal enrollment
Have a family household incomes at or below HUD's income limit
Buyer must contribute 3% of purchase price

IRHA has a grant of up to 30% of the purchase price of your new home (purchase price may not exceed $190,000). This grant is designed to help with the down payment and closing costs. After you meet with your bank or credit union, bring you pre-approval letter along with a complete application for TEAM (it must be 100% complete) to the Housing Authority. We have very limited funds, so please complete your application as soon as possible.

Click here to print the TEAM Application
Click here to print the Information Release Form

Copyright 2003 - Present © Interior Regional Housing Authority, All Rights Reserved.
828 27th Avenue, Fairbanks, Alaska 99701 Phone: 907.452.8315 1.800.478.IRHA (4742)
Fax: 907.456.8941 Email: housing@irha.org

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