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Alaska Housing Finance Corporation

Alaska Housing Finance Corporation - News

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The commission's nine members, Republican and Democrats, were appointed by President Obama and the majority and minority leaders of both houses of Congress. They worked as volunteers, had no offices and spent most of Although Alaska has 229 of the

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Alaska Housing Finance Corporation (AHFC) has announced its 2014 Greater Opportunities for Affordable Living (GOAL) grants and tax credits, totaling $33.2 million and benefiting five communities across the state. The projects will develop or upgrade a

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including guaranteeing a developer's profits. House Finance Committee member Rep. Mia Costello, R-Anchorage, tried to salvage the project's credibility by introducing a bill transferring the project to the well-regarded Alaska Housing Finance

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Fueled by soaring stock market, Alaska's net worth climbs to $103000 per person In addition, the state has roughly another $10 billion in net assets here and there, in its general fund and in things like the Alaska Housing Finance Corp. with $1.5 billion in equity and in the Alaska Industrial Development and Export Authority with

Alaska Housing Finance Corporation - "Unpacking"

Affordable housing complex is coming to Kachemak City

Affordable housing is coming to Kachemak City. Swell, an Alaska-based housing developer, plans to build a 24-unit apartment complex off East End Road. It’s calling the complex East End Cottages.  

The complex near Crested Crane Street will feature two and three-bedroom units ranging from about $850 to $1,100 a month. John McGrew is one of the developers of the project.

“I believe there'll be 20 percent of the units will be market rate units, so there won't be any income restrictions on those, but a majority of the units will be income restricted where your income can only be 50 or 60 percent of the median income,” he said.

This project was one of a handful to receive grant funding from the Alaska Housing Finance Corporation in December. McGrew adds that they are also receiving funding from the Rasmuson Foundation as well as additional federal funds.

Swell has completed similar projects in Kodiak and Anchorage. McGrew says those complexes filled up fast. He expects that will be the case in Kachemak City. He says Swell will work with local agencies to make sure locals in need of affordable housing can apply for the complex.

Alaska Municipal League panel spotlights statewide housing shortages, homelessness

Municipal officials and nonprofit administrators from around Alaska gathered in Anchorage Thursday to discuss the state’s struggles with homelessness and housing.

While homelessness manifests itself in different ways in different parts of the state, the common denominator is a chronic lack of affordable housing, the panelists said.

Bryan Butcher, CEO of the Alaska Housing Finance Corporation and chairman of the Alaska Council on Homelessness, said his organization is working with the Alaska Mental Health Trust Authority and other partners to hire a rural homelessness coordinator to direct resources and better address the issue.

“There needs to be a lot more of specific focus on how we define homelessness in rural Alaska to make sure that we’re not missing an issue that falls through the cracks,” he said. “Because it’s not the traditional homelessness that, say, the US government would define as homelessness.”

The Nov. 15 panel discussion, hosted by the Alaska Municipal League, included representatives from Fairbanks, Juneau, the Alaska Housing Finance Corporation and the Association of Alaska Housing Authorities.