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homeownership

Mountain View Village Participants:

Click here if you recently received an invitation to take the Mountain View Village I Homeownership Survey

RENT TO OWN LOGO LARGE

Participation in this program is by invitation only.

Welcome!

You're here because you've been invited to learn more about the opportunity to purchase your CIHA rental home. This page has timeline reminders for important dates as well as some Frequently Asked Questions that you might find helpful as you make your decision.

You'll also see a phone message line and email address on this page to use if you have specific questions for us.

What's it all about? 

Your opportunity to become a homeowner!

What do I need to know?

  • This opportunity is for the current renter of the specific home they are renting. This is not an open home sale. If a resident is not interested in purchasing the home, they will continue to reside there as a renter, as long as they are in good standing under their CIHA lease.
  • Each property, whether the renter is interested in purchasing or not, will undergo a third-party market appraisal to determine the sale price.
  • Each renter will have their own unique sales price, based on the property appraisal, and may also have credits towards the purchase price, based on their length of occupancy.

More Information & Meeting RSVP Link (select one) :

Mountain View Village I Residents Expand

Click here if you recently received an invitation to take the Mountain View Village I Homeownership Survey

  • You are encouraged (but not required) to explore available resources and prepare any questions you might have:
    • Cook Inlet Lending Center (NMLS # AK269839) will be available to work with residents through the Financial Wellness Program, down payments assistance programs, and mortgage loans.
    • Finally Home is a free online course offered by the Alaska Housing Finance Corporation. It’s a great on-demand resource for anyone who wants to learn more about the home buying process.
    • PLEASE NOTE: You may use any mortgage company or bank that you feel comfortable working with to determine if you qualify for a home loan.
  • Cook Inlet Housing hosted an informational meeting in 2025 
  • Appraisals by third-party company happened in 2025
  • Purchase offer letter with price and credits was presented in 2025
  • Residents indicated if they are interested in purchasing their home
  • Purchase must be completed by June 1, 2026.
Mountain View Village II Residents Expand

  • From January 2026 to May 2026, you are encouraged (but not required) to explore available resources and prepare any questions you might have:
    • Cook Inlet Lending Center (NMLS # AK269839) will be available to work with residents through the Financial Wellness Program, down payments assistance programs, and mortgage loans.
    • Finally Home is a free online course offered by the Alaska Housing Finance Corporation. It’s a great on-demand resource for anyone who wants to learn more about the home buying process.
    • PLEASE NOTE: You may use any mortgage company or bank that you feel comfortable working with to determine if you qualify for a home loan.
  • Cook Inlet Housing will be hosting an informational meetings in February 2026 for you and your household family members. These sessions will cover next steps, timelines, and key considerations as you make your decision. There will also be time for your questions.
  • Attendance is free, but registration is required and limited to ten participants per session. If a session is full, please email homeownership@cookinlethousing.org, and we will do our best to accommodate you. CLICK HERE TO REGISTER.
  • Meeting Options: 
    • Meeting One: Wednesday, February 11 - 6:00 pm to 7:00 pm
    • Meeting Two: Thursday, February 12 - 12:00 pm to 1:00 pm
  • Appraisals by third-party company will happen in May 2026 for MVVII residents.
  • Purchase offer letter with price and credits presented to renters June 2026 for MVVII residents
  • Residents will be asked to indicate if they are interested in purchasing their home no later than November 2026
  • Purchase must be completed no later than January 2027.
Mountain View Village III Residents Expand

  • From January 2026 to July 2026, you are encouraged (but not required) to explore available resources and prepare any questions you might have:
    • Cook Inlet Lending Center (NMLS # AK269839) will be available to work with residents through the Financial Wellness Program, down payments assistance programs, and mortgage loans.
    • Finally Home is a free online course offered by the Alaska Housing Finance Corporation. It’s a great on-demand resource for anyone who wants to learn more about the home buying process.
    • PLEASE NOTE: You may use any mortgage company or bank that you feel comfortable working with to determine if you qualify for a home loan.
  • Cook Inlet Housing will be hosting an informational meetings in February 2026 for you and your household family members. These sessions will cover next steps, timelines, and key considerations as you make your decision. There will also be time for your questions.
  • Attendance is free, but registration is required and limited to twelve participants per session. If a session is full, please email homeownership@cookinlethousing.org, and we will do our best to accommodate you. CLICK HERE TO REGISTER.
  • Meeting Options: 
    • Meeting One: Wednesday, February 18 - 6:00 pm to 7:00 pm
    • Meeting Two: Thursday, February 19 - 12:00 pm to 1:00 pm
  • Appraisals by third-party company will happen in June 2026 for MVVIII residents.
  • Purchase offer letter with price and credits presented to renters July 2026 for MVVIII residents
  • Residents will be asked to indicate if they are interested in purchasing their home no later than December 2026
  • Purchase must be completed no later than February 2027.

RENTER TO OWNER PROGRAM CONTACTS: 
Message Phone Line: 907-793-1339
Email: homeownership@cookinlethousing.org

SALLY CASEY - AT THE TABLE - 2023 06 12
SALLY CASEY - JEFF AND SALLY OUT FRONT - 2023 06 12
SALLY CASEY - JEFF SALLY AND PATRICK ON THE STAIRS - 2023 06 12

FAQ Section

Am I ready for homeownership? Expand

A good place to start your journey is by attending Alaska Housing Finance Corporation’s Home Choice class. This is a free, 6-hour class. They cover a variety of topics, including:

  • How to shop for a lender and a real estate professional
  • Title insurance
  • Energy-efficient homes
  • How to get a home loan
  • Purchase and sale contracts
  • Home inspections
  • Money management and budgeting
  • Alaska Housing loan programs

You may also consider meeting with Cook Inlet Lending Center for a Loan Readiness appointment. Contact Abby at 907-793-1371

  • Review your credit report
  • Cash flow analysis
  • Identify a down payment strategy tailored to your goal
What if I’m happy as a renter? Expand

Great! Homeownership isn’t for everyone. If you want to remain a renter, you may opt out of the option to purchase your CIHA home. You’ll remain at your same address with your current lease. This is an offer specifically for you as the current resident. The home is not being offered for sale on the open market or to anyone else.

I’m interested in buying my rental and I replied “yes” to your offer letter. I’m working with a mortgage lender. Do I still need to pay rent? Expand

Yes, you will need to pay rent until you sign on your “closing papers” which make you the legal owner of the home. Until you close and sign your mortgage documents, you will need to remain a renter in good standing with CIHA, following all leasing rules and paying your rent. 

Benefits of purchasing your current home: Expand

Convenience – you know the home, the neighbors, and the neighborhood

Make it your own – change the paint or carpet/flooring to match your unique personal style. Remodel and upgrade your spaces to meet your changing needs.

Generational wealth – your home is an asset that may be transferred to other family members.

Equity – the longer you own a home the more affordable it becomes, and your equity grows. If your home value appreciates your equity grows even more.

What’s the potential downside of homeownership? Expand

Owning a home comes with responsibilities and hard costs. As a homeowner you’ll be responsible for things that your landlord normally takes care of, so be prepared, be informed, and make a budget.

  • Utilities – heat, electric, water, garbage, internet
  • Maintenance and repairs
  • Appliance replacement
  • Insurance
  • Property tax
  • Your mortgage payment and all in housing costs are likely to be higher than your current rent payment

EVERYTHING STARTS WITH HELLO

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3510 Spenard Road, Suite 100
Anchorage, Alaska 99503

info@cookinlethousing.org

907.793.3000

907.793.3070

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