AHFC Announces $35M in Grants, Tax Credits for Housing Projects
December 12, 2012
By Chris Klint | KTUU-Anchorage: The Alaska Housing Finance Corp. has announced a plan to award $35 million in grants and tax credits in six Alaska communities next year, building or upgrading nearly 200affordable apartments for low-income and senior Alaskans.
An AHFC statement says its 2013 Greater Opportunities for Affordable Living program will generate an estimated $47 million in economic impact, while adding 25 more units than its 2012 total. The program provides grants, federal tax credits and zero-interest loans to stimulate the construction of rental units that reduce homelessness, as well as housing for low-income tenants, senior families and people with disabilities.
“Affordable housing continues to be an issue as demonstrated by the fact that the requests exceededfunding available by more than 300 percent,” AHFC Executive Director Dan Fauske said in the statement. “Nonetheless, we are pleased with this announcement to make an impact in communities across Alaska. The meaning is defined by the faces of those who will be served by each development.”