Operating Expense Assistance Program (OEA)
Forecasted
Operating Expense Assistance Program (OEA) supports nonprofit housing organizations with operating costs as they develop, sponsor, or own HOME-assisted affordable housing for low-income households.
Funder: Alaska Housing Finance Corporation
Due Dates (Anticipated): April 2027 (Intent to Apply) | May 2027 (Application)
Funding Amounts: Published round: $150,000 total; $7,500 minimum award, generally capped at $37,500 per CHDO annually
Summary: Direct operating support for nonprofit Community Housing Development Organizations developing, sponsoring, or owning HOME-assisted affordable housing.
Key Information: Applicants must secure AHFC CHDO certification and serve communities outside the Municipality of Anchorage.
Description
The Operating Expense Assistance Program (OEA), administered by Alaska Housing Finance Corporation (AHFC), provides organizational operating support directly to qualified nonprofit Community Housing Development Organizations (CHDOs). It operates within the federal HOME Investment Partnerships Program, which supports decent, safe, affordable housing for low-income households.
OEA supports organizations rather than individual housing-project expenses. Applicants must connect their work to new housing funded through AHFC’s HOME program, demonstrating recent activity or plans to develop, sponsor, or own eligible housing within 18 months. The program distinguishes producing CHDOs with established HOME project activity from emerging CHDOs preparing to undertake eligible projects. Organizations seeking CHDO designation may apply for certification alongside their funding application, but must successfully obtain certification to receive OEA funding.
