Shareholder Lease Program
One of the benefits of the Alaska Native Claims Settlement Act (ANCSA) of 1971 was to provide Alaska Native people with the opportunity to fully utilize and protect their traditional lands. Since our inception, Afognak has sought various ways to protect our lands and provide our shareholders with access to their traditional subsistence resources.
The Shareholder Lease Program began in 1982 to provide Afognak shareholders with the opportunity to enter into long term (99 years) land lease agreements with Afognak Native Corporation for 5-acre parcels on our land. In 2002, the land lease program was again opened to all Afognak 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 Afognak shareholders now enjoy land use privileges and utilize their parcels to continue their subsistence way of life, pursue recreational or economic opportunities.
