Enclosed is information on the Second Mortgage Program for Energy Conservation and how to apply.

Prior to application, borrowers obtain an energy rating/audit as the basis for making cost-effective energy improvements. Borrowers then select from the list of energy upgrades included with the rating. The maximum loan amount available for this program is $30,000.

Typically borrowers are allowed up to twelve months to complete your project. It is important that both your project costs and time constraints are budgeted and followed.

Construction or renovation must be made to meet current International Residential Code requirements, and no health and safety hazards may exist upon completion. If the construction of your home began after January 1, 1992, the Alaska Building Energy Efficiency Standard (BEES) applies and the project will need to meet the Standard. If the construction of your home began after July 1, 1992, the project will need to meet Minimum Construction Standards for the State of Alaska.

An Alaska Housing Finance Corporation representative will determine value, however if value cannot be determined, a Broker’s Opinion of Value (BOV) or an appraisal may be required. Information in this letter is general and brief; therefore other restrictions may apply. For additional questions, or help in completing your loan application, please contact me at 800-478-2432, extension 8444. You may also contact me by e-mail: dsims@ahfc.state.ak.us

When your package is complete, mail it to my attention, Deborah Sims, AHFC, P O Box 101020, Anchorage, Alaska 99510.

Cordially,
Deborah Sims
Mortgage Assistant II


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