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Deadline Nears for Alaskans Seeking Affordable Housing

Applications accepted through March 31. Lottery determines placement.

Anchorage Alaska, March 22, 2018 Midnight, March 31, 2018 is the deadline to submit an application with Alaska Housing Finance Corporation for the Housing Choice Voucher program in Anchorage. The program provides rental support for low-income Alaskans to obtain housing provided by landlords in the private sector. A lottery will determine participant placement.

AHFCs next HCV Anchorage waitlist opening will likely begin in 18-24 months. This forecast is based on response to this notification, participant eligibility and length of stay in the program. More than 1,100 applications have been submitted since the opening, March 1.

Rental assistance provides families with stability which allows them to pursue education, job training and opportunities for financial independence, says Bryan Butcher, CEO/executive director of AHFC. Families participating in the Housing Choice Voucher program are demonstrating success. They have experienced a 14 percent increase in full-time employment and incomes averaging $8,500 higher than when they entered (the program).

Families with vouchers often choose a home close to their workplace or near schools. In the first year of the subsidy, a participating family will pay 28.5 percent of their gross income toward rent, and support is limited to five years. A family of four in Anchorage can gross $44,500 or less to be eligible based on the federal standard, 50 percent of Area Median Income (AMI). Seniors and families with a disability are eligible for Housing Choice Vouchers but program requirements may differ for specific populations.

Applications for AHFCs housing programs are at ahfc.us or paper copies are available at the Anchorage Family Investment Center at 440 East Benson. More information about program requirements or submitting an application is available at https://www.ahfc.us/publichousing/rental-programs/applications/.

Alaska Housing Finance Corporation (AHFC) is a public corporation with a long history of providing Alaskans access to safe, quality and affordable housing through home financing programs, energy efficiency and weatherization programs, public housing and more. Since 1986, AHFC has contributed $1.9 billion to the State of Alaska's General Fund.

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Contact:
Stacy Schubert
AHFC, Director of government relations and public affairs
(907) 330-8445
sschubert@ahfc.us

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