Alaska Housing Announces Funding For Low-Income And Senior Housing Projects

Alaska Housing Finance Corporation has announced the distribution of nearly $44 million in funding to assist organizations across the state in their efforts to provide affordable housing for low- to moderate-income families and seniors. 

Alaska Housing’s Greater Opportunities for Affordable Living (GOAL) program provides grants, loans and federal tax credits to developers and project sponsors who build affordable rental housing for Alaskans who meet criteria. The funds are provided through a combination of federal and state contributions.

The 2022 Special Purpose GOAL program funds have been awarded to six organizations, supporting residents in Anchorage, Eagle River, Bethel, Nome, Valdez and Wasilla. Projects will build permanent supportive housing and housing for low-income seniors, some of which will include public housing vouchers. 

Funded projects were determined through competitive bidding. Proposals earned points through criteria such as location, need, appropriateness of cost and design, and energy efficiency.

“These projects will help countless residents find quality, safe and affordable housing in communities across the state,” said Bryan Butcher, CEO/executive director of AHFC. “Alaska Housing is grateful to be part of a collaborative effort that will have a substantial impact on so many of our friends and neighbors.” 

Click here to learn more about GOAL and what it has to offer.