Mortgage Program Helps Alaska Native People Achieve Home Ownership

Home ownership – the cornerstone of the American Dream and a traditional signpost of success. However, soaring home prices, low inventory and strict, inflexible criteria for mortgage applicants can mean the dream is all but out of reach for many Americans.

The HUD 184 Indian Home Loan Guarantee Program is a home mortgage product specifically designed for Alaska Native and American Indian families, and Alaska villages, tribes and tribally designated housing entities. Congress established the program in 1992 to facilitate homeownership and increase access to capital in Native American communities.

Section 184 financing offers advantages over traditional loans, including lower down payments, no monthly mortgage insurance and flexible credit requirements. While limited to single-family homes of one to four units, Section 184 loans can be used for new construction, rehabilitation, purchase of an existing home or refinancing.

When looking to finance a home in Alaska, Cook Inlet Lending Center, a subsidiary of Cook Inlet Housing Authority (CIHA), specializes in HUD 184 loans. “We’ve made it our mission to provide our Alaska Native, American Indian and tribal customers an easy and efficient experience,” said Sezy Gerow-Hanson, CIHA’s public and resident relations director. “Our staff understands the Alaska way of life. For example, having seasonal or contract careers is a norm for many in our communities. Our team offers a customer-centric approach with one-on-one homeownership counseling, as well as the ability to apply directly online for our HUD 184 loans.”

HUD 184 loans are available through HUD-approved lenders in Alaska and other participating states and counties across the country. For more information on the HUD 184 Loan Program, visit