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.
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.
Alaska Corporation for Affordable Housing
Operations and Development Manager
THE MEADOWS: FAIRBANKS
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
Located between 22nd and 23rd Avenue and Wilson and Barnette Street, Borealis Park offers 40 units of family housing in a variety of floorplans: one bedroom, two bedroom, and three bedroom units. Income restrictions apply. All units will be supported by rental assistance. Units are expected to be completed and available to rent in Summer 2024..
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 contains 18 apartments and offers residents easy access to a municipal park.
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