Afognak Native Corporation

Shareholder Lease Program

In 1982, ANC began the process of providing its shareholders the opportunity to enter into long term (99 years) land lease agreements with ANC for 5-acre parcels on ANC land. In 2002, the land lease program was again opened to all ANC shareholders and, in this opening, approximately 200 shareholders took advantage of the opportunity. The 5-acre lease parcels are concentrated in Afognak Bay, Raspberry Straits, Port Bailey and Kizhuyak Bay areas. Parcel selection has been closed now since October 15, 2002 though the existing parcels are transferable amongst shareholders. Over 200 ANC shareholders now enjoy land use privileges, one of the benefits of ANCSA legislation. Use of ANC land by the shareholders also fulfills the key corporate purpose of ANC which states:

"ANC exists so that Shareholders have a perpetual source of land use, and shared financial and cultural wealth."

Application for Commercial Development of 5-acre lease »

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