Mission: Tikigaqmiut inc. Is a single-purpose, non-profit entity. Tikigaqmiut, inc is dedicated to the development, construction and management of safe, affordable housing exclusively for low-income elders, age sixty-two and older, in the village of pt. Hope. The organization's primary exempt purpose is the construction, management, and management of senior housing facility subsidized through hud section 202 program. As of september 30, 2011, the 202 capital advance note has been satisfied and the capital advance requirement under section 202 of the u. S. Housing act and its implementing regulations and the terms of regulatory agreement, use agreement, and the project rental assistance contract (prac) are no longer applicable and are not enforceable by department of housing urban developemnt (hud).
Programs: The construction of 5-plex in pt. Hope has been completed. At the end of current year, 1 unit has been occupied by low-income elder tenant, and 4 units have been vacant.