National Housing Trust Fund
Title 1 of the Housing and Economic Recovery Act of 2008 established the Housing Trust Fund (NHTF). The NHTF may be used for the production or preservation of affordable housing through the acquisition, new construction, and / or reconstruction of non-luxury housing with suitable amenities. Alaska has received $3 million from the NHTF for each of the funding years 2016, 2017, 2018, and 2019. The first NHTF units have been completed in Kenai and Homer. More units will be placed in service in SFY 2020.
The Alaska Housing Finance Corporation (AHFC), on behalf of the State of Alaska, will administer the National Housing Trust Fund. Under NHTF regulations, the only jurisdiction, other than the state of Alaska, eligible to receive a sub-grant of NHTF is the Municipality of Anchorage (MOA). AHFC has provided the MOA with a NHTF sub-grant to administer directly in Anchorage.
The remaining NHTF funds are administered for the area of Alaska outside of Anchorage consistent with the participating jurisdictional boundaries of the HOME program. The balance of state funds will be allocated through the Greater Opportunities for Affordable Living (GOAL) program. The Rating and Award Criteria Plan for the GOAL program will set the priorities for the allocation of NHTF. In this way, the funds can be coordinated with the Low Income Housing Tax Credit (LIHTC), HOME Investment Partnership, and Senior Citizens Housing development Fund (SCHDF) programs, or any other funding that might become available during a special purpose GOAL round, within a single application process. Please visit the GOAL Program page for more information.
The 2016 and 2017 NHTF Allocation Plans are available below. All subsequent NHTF allocation plans will be submitted as part of the State’s Annual Action Plans, available here: