Seven developments have been selected to receive $35 million in funding from the Alaska Housing Finance Corp. (AHFC).
The awards are through the agency’s 2013 Greater Opportunities for Affordable Living (GOAL) program, which includes grants and low-income housing tax credits.
The funds will be used to develop or upgrade nearly 200 units in six communities.
“Affordable housing continues to be an issue as demonstrated by the fact that the requests exceeded funding available by more than 300 percent,” said Dan Fauske, AHFC executive director. “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."
The seven developments are:
·Trailside Heights Phase II in Anchorage will lead to 20 new townhouse units for low-income families. The project is sponsored by Volunteers of America.
·Near Island Elderly in Kodiak will lead to 32 new units for seniors. Kodiak Island Housing Authority sponsors the project.
·Harbor Ridge in Homer will renovate 24 units for low-income families. Cordes Development 2 develops the project.
·Chinook Villa and Northwood Apartments in Wasilla and Soldotna will lead to 55 units for low-income seniors. GMD Development develops the project.
·Coronado Park in Eagle River will lead to 56 new mixed-income rentals for seniors that will be developed by Cook Inlet Housing Authority.
·Alderbrook Phase II in Homer will lead to six new units for low-income families. Kenai Peninsula Housing Initiatives develops the project.
·Silverwood Phase II in Soldotna will lead to six new rental units for seniors. Kenai Peninsula Housing Initiatives develops the project.