Housing Improvement Program (HIP)

The Low Income Housing Tax Credit Program (LIHTC) is a public program based on Section 42 of the IRS Code that is available to all income eligible applicants. This is a rent-to-own program designed to give very low­ income families an opportunity for permanent affordable housing.

Applicants who are also enrolled tribal citizens may qualify for the THRHA rental subsidy program. THRHA also accepts Section 8 vouchers.

Program Features:

• • Unfurnished single family, duplex, or 4-Plex style homes that have 2-4 bedrooms.
  • Rent is based on the number of bedrooms, family size, and household income.
  • ​Single-family, zero- lot line, or townhouse style homes.
  • Rents are based on HUD’s low-income rent amount.
  • ​​Tenants may have the opportunity to purchase the home or continue renting after the initial 15-year period.

Qualifications:

• • ​Proof that household income is less than 60% of the median income for resident’s community.
  • ​​Adult household members must pass a background check.

Preference Considerations:

• • ​​Living in a Southeast Alaska community
  • ​​​Handicap or disability
  • Displacement by natural disaster, domestic violence, or family reunification.
  • Homelessness or substandard housing
  • ​Terminal illness
  • Working family, disabled, and elderly
  • U.S. Military Veteran