Multifamily Congregate and Special Needs

Notice:

AHFC's Congregate/Special Needs loan program is currently closed to new applicants pending program review. Applications are not being accepted at this time. Please check back with us. Thank you.

How the program works

The Multifamily Congregate and Special Needs program promotes affordable housing for persons of lower to moderate income for the purpose of development, acquisition, rehabilitation and refinance.

Additional considerations

Taxes, insurance and replacement reserves are collected monthly.
Minimum debt service coverage ratio is 1.2 percent.
Unit Set-Asides: 20 percent of the units for tenants at 50 percent of median income or less and 40 percent of the units for tenants at 60 percent of median income.

Contact information

Email: MFloans@ahfc.us
907-338-6100
800-478-2432 (outside Anchorage, but within Alaska)
907-338-9716 (fax)
Alaska Housing Finance Corporation
4300 Boniface Parkway
P.O. Box 101020
Anchorage, AK 99510-1020