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The Adelaide Administrative Plan

Program Overview

The Adelaide Moderate Rehabilitation Single Room Occupancy (SRO) program is a joint effort between Alaska Housing Finance Corporation (AHFC) and the Anchorage Neighborhood Housing Services (ANHS), a private not-for-profit agency and general partner in development of the Adelaide Building. The purpose of the Program is to provide Section 8 rental assistance for low-income homeless individuals in rehabilitated (Single Room Occupancy) units.

AHFC (on behalf of HUD) entered into a long-term Housing Assistance Payment (HAP) contract with ANHS for the Adelaide Building. The contract between the ANHS and AHFC guarantees the rental subsidy for 70 units over 10 years. The subsidy is contractually established exclusively for that building.

After ANHS completes the Rehabilitation, AHFC agrees to process and approve eligible tenants from an ANHS waiting list for the Adelaide Building. The rent that the ANHS may charge is reviewed by AHFC. Any adjustments in rent from year to year are based upon HUDs current annual adjustment factor (AAF). Assisted families are required to contribute 30% of their adjusted income, or $25.00 minimum Total Tenant Payment (TTP), toward rent and utilities.

Federal regulations at 24 CFR 983.1(c) states that with project-based assistance, AHFC enters into a HAP contract to make housing assistance payments during the contract term for a specific unit. The subsidy is paid when ANHS leases the unit to an eligible participant. Because the assistance is tied to the unit, a participant that moves from the unit does not have the right to continued assistance.

The Adelaide Building was rehabilitated using Low Income Housing Tax Credit Program. That program requires ANHS to enforce income eligibility requirements that mirror the Section 8 SRO program. In order to ensure compliance with all the applicable federal regulations for the Section 8 Moderate Rehabilitation SRO Program, Alaska I-lousing Finance Corporation and the Anchorage Neighborhood Housing Services agree to operate the program according to this Administrative Plan and federal regulation at 24 CFR Part 882, Subpart H.

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Partner Guidance