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Alaska Housing Capital Corporation

On April 18, 2006, the Alaska Legislature passed Senate Bill 232 (SB 232), which appropriated the sum of $300,000,000 from the State of Alaska general fund to the Alaska Housing Finance Corporation (AHFC) for the purpose of funding capital projects, including financing expenses. SB 232 further expressed the Legislature's intent that AHFC transfer the appropriated funds and associated earnings to a subsidiary on or after July 1, 2006. Governor Murkowski signed SB 232 into law on April 27, 2006.

In accordance with the Legislature's intent, the AHFC Board of Directors approved the creation of the Alaska Housing Capital Corporation (AHCC) at AHFC's regular meeting on May 3, 2006. AHCC was incorporated on May 23, 2006, under the Alaska Nonprofit Corporation Act (AS 10.20) as a subsidiary of, but legally independent and separate from, AHFC. AHCC's organizational meeting was held on June 23, 2006, and AHFC transferred the appropriated funds and associated earnings to AHCC on July 1, 2006.

Alaska Housing Capital Corporation

P.O. Box 101020
Anchorage, AK 99510-1020