Alaska Corporation For Affordable Housing (ACAH)

In 2011, the Alaska Legislature passed HB119, amending Alaska Housing Finance Corporation’s statutes to allow it to create a subsidiary to develop affordable housing throughout Alaska. As a subsidiary of Alaska Housing Finance Corporation (AHFC), ACAH has the same seven member board as AHFC, with four officers: one president, two vice presidents, and a secretary/treasurer.

Affordable Housing Logo ACAH was formed to develop, manage, and operate affordable housing and provide services to support the mission of AHFC. AHFC’s statutes do not provide AHFC with the power to undertake certain types of housing or to participate in some financing and ownership structures. ACAH’s mission is to undertake the types of affordable housing and services that are not open to AHFC directly, but support AHFC’s mission of providing affordable housing and services to individuals and groups in need.

Development Projects

Coming Soon!
Workforce Housing in the City of Wasilla

ACAH is currently in pre-development of two centrally located parcels that are 6.63 acres that will add 59 housing units in a mix of duplex and triplex style buildings.

Located at the corner of S. McKinley Street and E Susitna Avenue, the new housing will include an array of one-, two-, and three-bedroom styles, all featuring garages. One-bedroom units will meet minimum standards for accessibility.

Property amenities include a playground and dog park area. The development is designed to serve an expanded population of workforce households who are at or below 80 percent of the Area Median Income.

NOW LEASING!
BLUEBERRY TERRACE: VALDEZ

Click here to inquire about an Application.

Located on King Salmon Lane between Clark Street, Pioneer Drive and Egan Avenue, Blueberry Terrace offers 20 duplex style units for families. Each unit will be supported by rental assistance. Units will be an array of one-, two-, and three-bedroom styles, all with one car garages. All one-bedroom units also offer accessibility. Lease up is anticipated to begin early 2026. Income restrictions apply.

THE MEADOWS: FAIRBANKS

Click here to inquire about the Waitlist.

Located between Ninth Avenue and Denali Way, The Meadows offers 18 accessible, ranch-style units for seniors. Each unit will be supported by rental assistance and contains one bedroom, one bathroom, and a one car garage. Age and income restrictions apply.

BOREALIS PARK: FAIRBANKS

Click here to inquire about the Waitlist.

Located between 22nd and 23rd Avenue and Wilson and Barnette Street, Borealis Park offers 40 units of family housing in a variety of floor plans: one bedroom, two bedroom, and three bedroom units. Income restrictions apply. All units will be supported by rental assistance.

Quick Facts

7 residential buildings, an office and a playground
18 one bedroom units, approximately 1,000 sq ft
17 two bedroom units, approximately 1,200 sq ft (accessible unit is approximately 1,100 sq ft)
5 three bedroom units, approximately 1,500 sq ft (accessible unit is approximately 1,100 sq ft)
Every unit has a garage, approximately 300-350 sq ft
Every unit has a washer and dryer

Ridgeline Terrace: ANCHORAGE

Ridgeline Terrace fills a need for workforce housing in the community, offering 70 units of mixed-income housing -- 50 family and 20 senior apartments. The 5-star plus property features solar-powered hot water and electricity systems that help reduce tenant-paid utility expenses.

Susitna Square: ANCHORAGE

Susitna Square contains 18 apartments and offers residents easy access to a municipal park.

Take the virtual tour!

Interested in Learning More About ACAH?

Read the AHFC blog!

Contact ACAH

Chelsea Smith
Director
907-330-8401