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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

Senior Housing Finance Activity: HealthLease, Newcastle, Skilled Healthcare ...
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

Fueled by soaring stock market, Alaska's net worth climbs to $103000 per person
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"

Low-Income Housing Tax Credits News Briefs - February 2018

LIHTC Industry

The number of cost-burdened and severely cost-burdened renters has slightly decreased, but the rental housing affordability gap in the United States remains high, according to the Joint Center for Housing Studies (JCHS) at Harvard University’s America’s Rental Housing 2017 report released in December 2017. The study found median monthly rental costs increased 15 percent from 2000 to 2016, while median household income fell slightly. JCHS also reports that the low-income housing tax credit (LIHTC) continues to be a significant force in providing construction and rehabilitation of affordable housing–supporting 70,000 affordable rental apartments per year–but that nearly 500,000 LIHTC units and 650,000 other subsidized rentals will come to the end of their required affordability periods in the next decade. The report says that federal, state and local policy must support the efficient provision of affordable rental homes to address the nation’s affordability challenges.

INSIDE REAL ESTATE: Unique factors still impacting Alaska housing market

Before we can predict the future of Alaska’s housing market, we need to remind ourselves about some of the unique factors affecting our market.

One dominant factor is that 75 percent of Alaska’s housing was built between 1970 and 1990. A home built in l970 is now 48 years old — way past its functional and cosmetic life. Even one built in l990 is now 18 years old with ineffective energy standards.

This aging inventory is why there has been and will continue to be a spike in the Alaska Housing Finance Corp.’s renovation loan programs which include purchase renovation, refinance renovation and second mortgage renovation.

When first introduced in 2015, AHFC financed $12.8 million. Loan volume grew to $20.6 million in 2016 and should exceed $30 million in 2018.

A recent article from Zillow declared there are 12 percent fewer homes to choose from nationwide than there was a year ago and 51 percent of for sale properties are in the top one-third of home values that are out of reach for first-time home buyers.