A Little AboutUs
In 2001, Cook Inlet Housing Authority created a Community Development Financial Institution (CDFI) named NaQenq’a, to serve low- and modest-income individuals and families in the Cook Inlet region, who experience a lack of access to affordable financial products and services.
Fast forward to 2017, and Cook Inlet Lending Center (formerly known as NaQenq’a) has grown into a homeownership center with the capacity to lend to our communities and families of all races, nationalities and income backgrounds within the state of Alaska.
Cook Inlet Lending Center (CILC) operates on a variety of funding sources and investors which include grant money from Wells Fargo and the NACA CDFI Fund, Loans to Sponsor funding from Alaska Housing Finance Corporation as well as a partnership with Bank2 out of Oklahoma City in order to originate HUD 184 loans. Also as a member of Federal Home Loan Bank of Des Moines, CILC has been able to tap into additional funding to assist our people in their dream of homeownership.
Our team offers a customer centric approach with our one on one homeownership counseling as well as the ability to apply directly online for our HUD 184 loans. Please contact us today and allow us the opportunity to earn your business!
Cook Inlet Lending Center is a non-profit, wholly owned subsidiary of Cook Inlet Housing Authority.
Who We Are
Cook Inlet Lending Center (CILC), a Cook Inlet Housing Authority non-profit social enterprise, is a Native Community Development Financial Institution (CDFI) that helps Alaska Native/American Indians as well as low to modest income families to purchase homes in Alaska.
Where To Start
If you are interested in buying a home and don’t know where to start, CILC can recommend homebuyer education classes, counseling and other resources to help with credit repair, debt consolidation, budgeting, loan advice and the purchasing process. CILC also offers an Individual Development Account (IDA) program to help you save money for your down payment.
Work With Us
Working with CILC, you will learn the steps needed to qualify for a home purchase. CILC provides HUD 184 loans and low interest rate loans for down payment assistance/closing cost assistance. Homebuyers using CILC for down payment assistance funds will also need to qualify for a traditional first mortgage.