Operating Expense Assistance Program (OEA)
The OEA program provides operational funding to Alaska-certified CHDO nonprofits, supporting their capacity to develop affordable housing under the HOME Investment Partnerships Program.
Funder: Alaska Housing Finance Corporation
Due Dates (Anticipated): April 2027: Intent to Apply deadline (projected) | May 2027: OEA Application deadline (projected)
Funding Amounts: Up to $37,500 per CHDO per year; minimum award $7,500; actual awards depend on available funds and applicant priority.
Summary: Provides direct operating expense funding to certified nonprofit CHDOs to support affordable housing development in Alaska.
Key Information: Only AHFC-certified CHDOs in good standing are eligible; two-stage application process required.
Description
The Operating Expense Assistance Program (OEA) supports nonprofit organizations certified as Community Housing Development Organizations (CHDOs) by the Alaska Housing Finance Corporation (AHFC) with direct funding for operating costs. The program aims to strengthen the capacity of CHDOs to develop, own, or sponsor affordable housing projects under the HOME Investment Partnerships Program. Funding is intended for general operational expenses, not project-specific costs, and is distributed through a competitive process with priority given to organizations that have demonstrated recent or imminent affordable housing development activity.
