More Affordable Housing on the Horizon

Alaska Housing Finance Corporation’s Greater Opportunities for Affordable Living program provides grants, federal tax credits and zero-interest federal loans to developers and project sponsors who build affordable rental housing for low-to-moderate-income families and seniors.

Funding was awarded last year to the following communities/projects:

• Spruce Cape – Kodiak
• Whispering Winds – Palmer
• Coronado Park – Eagle River
• Dukes – Anchorage
• Clear Pointe – Kenai
• East End – Kachemak Bay
• Harmony Villas – Kenai

Special Purpose GOAL Program Funds are awarded to expand long-term supportive housing for Alaskans who have few, if any, housing options due to chronic homelessness, disability and/or histories that present barriers to accessing mainstream housing.

Special Purpose funds were awarded to:

• Wasilla PSH Associates/TPC Housing
• Juneau Housing First Collaborative 
• Nome Community Center

Does your community have a housing need? 

The programs’ competitive funding round is administered on an annual cycle. The program is open to nonprofits agencies, regional housing authorities, and private sector.