2016 Annual Report

Alaska Housing Finance Corporation

Rural Housing


One of the biggest challenges for retaining teachers and nurses in the rural communities is lack of quality, safe and energy efficient housing. It is no secret that high turnover rates negatively impact communities, both socially and financially. The Teacher, Health Professional, and Public Safety Housing Grant Program is dedicated to strengthening the fundamental social core of rural communities by assisting in construction of new housing and making retention and recruiting easier.

AHFC was able to award $2,495,762, including $650,000 from the Rasmuson Foundation in FY16, which will result in construction of 16 new units in five communities.


Those communities are:

housing housing housing housing housing housing housing     Lower Yukon School District, Alakanuk, $850,000, eight units

housing-spot housing-spot housing-spot housing-spot housing-spot housing housing     City of Saxman, $497,523, two units

housing-spot housing-spot housing-spot housing-spot housing housing housing     Norton Sound Health Corporation, Savoonga, $441,873, three units

housing-spot housing-spot housing-spot housing-spot housing-spot housing housing     Lake and Peninsula School District, Port Alsworth, $371,921, two units

housing-spot housing-spot housing-spot housing-spot housing-spot housing-spot housing     Yukon Kuskokwim School District, Minto, $334,445, one unit


AHFC has awarded a total of $90.2 million, generating 434 housing units for teachers, health professionals, and public safety personnel in 76 communities around the state since 2004. The program has leveraged an additional $45 million in matching funds from the applicants for a total of $135 million.

AHFC’s efforts was recognized in FY16 by The Council of State Community Development Agencies who awarded the agency a Sterling Achievement Award for developing a program that addresses an issue uniquely to the State of Alaska.

Affordable Housing


The first phase of the Vista Drive affordable housing development in Juneau had its grand opening in February FY16 which brought 40 rental units online to the community that experiences a severe lack of affordable housing.

Completion was made possible through $2.4 million in federal grants and $5.2 in low-income housing tax credits from AHFC, as well as a $350,000 grant from the Rasmuson Foundation. Vista Drive is built to AHFC’s highest energy efficiency standards, exceeds the 2012 International Energy Conservation Code and uses geothermal energy as a source of heat to help lower operational costs. The second phase of Vista Drive in Juneau that relies on $2.1 million in long term financing from AHFC will add another 35 affordable rental units, and is expected to be completed in the fall of 2017.

Volunteers of America National Services; Volunteers of America, Alaska; and their development partners Trapline LLC and V2 are responsible for the construction and management of the two projects.



The Greater Opportunities for Affordable Living Program awarded more than $28 million in FY16, making it possible for over 140 rental units across the state to be developed and upgraded.

The program provides grants, federal tax credits and zero-interest loans to project sponsors who build or renovate affordable rental and supportive housing for low-income senior families and those with disabilities, as well as rental housing that helps reduce homelessness.

Below is a summary of the projects funded including a mixed-use property that combines residential and commercial space using AHFC financing. In 2014, AHFC was granted expanded authority by the State legislature to fund mixed-use facilities.


Anchorage – Spenard Mixed Use will be a newly constructed mixed-income facility providing 33 residential units and commer cial space. The property will use solar and geothermal energy.

Juneau – Vista Drive Phase II will add 35 affordable units and feature both solar and geothermal energy. This property will be built close to the 40 units in Phase I.

Ketchikan – The Glacier Park development will renovate and preserve 22 affordable units with rental assistance. The proper ty will comply with the 2012 International Energy Conservation Code.

Ninilchik – Inlet Ridge Phase II will add four new affordable rental units next to the six units from Phase I. At completion, the property will achieve at 6 Star energy rating.

Seward – Harmony Villas Senior Housing will build five new mixed-income rental units for seniors on land donated by the city.

Wasilla – Vista Rose Phase I will add 42 affordable rental units for seniors in a two-story building equipped with elevator. The property will feature solar energy and fully equipped units for all residents.


The impact of the funding to the Alaska economy is estimated at $38 million. Since the early 1990s the Greater Opportunities for Affordable Living Program has funded over 5,000 rental units across the state.

Support for the Homeless


The Emergency Solutions Grant program supported more than 1,000 Alaskans experiencing homelessness or being at-risk of homelessness in FY16. AHFC awarded $225,884 through the program to eight agencies assisting in emergency shelter operations, rapid re-housing and prevention activities.


Agency Community Award
  • Aiding Women in Abuse and Rape Emergencies
  • Juneau
  • $32,844
  • Blood n Fire Ministry
  • Mat-Su
  • $23,131
  • Brother Francis Shelter Kodiak
  • Kodiak
  • $28,745
  • Fairbanks Youth Advocates
  • Fairbanks
  • $24,295
  • Family Promise Mat-Su
  • Mat-Su
  • $7,179
  • Interior Alaska Center for Non-Violent Living
  • Fairbanks
  • $42,000
  • The Glory Hole
  • Juneau
  • $18,236
  • Valley Charities, Inc.
  • Mat-Su
  • $49,454



13,000 Alaskans experiencing homelessness or being threatened by homelessness relied on the Basic Homeless Assistance Program in FY16. AHFC awarded $6.1 million to 37 organizations in 20 communities statewide with the funding providing operating assistance for emergency shelters and transitional housing programs, permanent housing placement and prevention services including rent and utility assistance. Awards are determined through a competitive application process with applications evaluated based on program priorities, utilization, performance and community need.


Basic Homeless Assistance Program recipients Community Award
  • Abused Women’s Aid in Crisis (AWAIC)
  • Anchorage
  • $259,103
  • Alaska Mental Health Consumer Web
  • Anchorage
  • $96,279
  • Anchorage Community Mental Health Svcs.
  • Anchorage
  • $243,736
  • Catholic Social Services
  • Anchorage
  • $849,771
  • Covenant House
  • Anchorage
  • $398,774
  • Fairbanks Rescue Mission
  • Fairbanks
  • $302,600
  • Fairbanks Youth Advocates
  • Fairbanks
  • $183,980
  • Gastineau Human Services*
  • Juneau
  • $607,700
  • Interior Center for Non-Violent Living
  • Fairbanks
  • $50,750
  • Kodiak Brother Francis Shelter**
  • Kodiak
  • $231,126
  • Love In Action
  • Ketchikan
  • $99,966
  • Love INC of the Kenai Peninsula
  • Kenai
  • $311,868
  • New Life Development
  • Anchorage
  • $253,200
  • Nome Emergency Shelter Team (NEST)
  • Nome
  • $118,841
  • Partners for Progress
  • Anchorage
  • $148,627
  • Rural Alaska Community Action Program (RurAL CAP)
  • Anchorage
  • $300,077
  • Shiloh Community Housing, Inc.
  • Anchorage
  • $151,038
  • South Peninsula Haven House
  • Homer
  • $97,232
  • The Leeshore Center
  • Kenai
  • $52,004
  • The Salvation Army – Fairbanks
  • Fairbanks
  • $151,001
  • The Salvation Army – McKinnell
  • Anchorage
  • $81,326
  • The Salvation Army – Sitka
  • Sitka
  • $73,242
  • The Salvation Army – Small Community***
  • Southeast
  • $28,242
  • Tundra Women’s Coalition
  • Bethel
  • $64,831
  • Unalaskans Against Sexual Assault and Family Violence
  • Unalaska
  • $27,985
  • Valley CharitiesC, Inc.****
  • Mat-Su
  • $921,315



* Gastineau Human Services Award supports five organizations, Alaska Housing Development Corporation, Aiding Women in Abuse and Rape Emergencies, Gastineau Human Services, The Glory Hole and St. Vincent de Paul Society.
** Kodiak Brother Francis Shelter Award supports two organizations, Kodiak Brother Francis Shelter and The Salvation Army Kodiak.
*** The Salvation Army – Small Community Award supports eight communities in Southeast Alaska, Angoon, Cordova, Haines, Hoonah, Kake, Klawock, Petersburg, and Wrangell.
**** Valley Charities, Inc. Award supports seven organizations, Alaska Family Services, Blood n Fire Ministries, Daybreak, Family Promise Mat-Su, MyHouse, The Salvation Army Mat-Su, and Valley Charities, Inc.




The hallmark for the Alaska Council on the Homeless in FY16 was increased collaboration among state and local leadership, homeless service providers and other stakeholders to address issues of homelessness throughout Alaska.

The Council adopted Alaska’s Plan to End Long Term Homelessness in October 2015 after a lengthy development process including public, state, and local collaboration. This plan builds on the accomplishments of the Council’s previous plan and identifies five priority areas – housing development, supportive services, education, engagement and policy, prevention, and data – in addition to numerous strategies to further the goal of ending long term homelessness in Alaska.

The plan’s first progress report is a testament to the local and statewide partnerships that have developed to address homelessness, including:

  • Providence Health and Services, the Municipality of Anchorage, the United Way, and the Anchorage Coalition to End Homelessness, have partnered to administer a new rapid re-housing program for Anchorage families experiencing homelessness.
  • AHFC and the Department of Veteran’s Affairs successful administration of the Veteran’s Affairs Supportive Housing Program resulting in 24 new vouchers.
  • The Alaska Mental Health Trust Authority, Department of Labor and Workforce Development, and Department of Corrections partnered to create a liaison position between the Department of Workforce Development and Department of Corrections to work on eliminating barriers for individuals returning to the community.

Established in 2004, the Alaska Council on the Homeless is a public policy forum for recommendations on the use of state and federal resources to address homelessness. Council membership includes the Alaska Housing Finance Corporation, the Alaska Mental Health Trust Authority, the Alaska State Departments of Education, Public Safety, Corrections and Health and Social Services and six public members from the homeless provider community, rural housing authorities, local government and the real estate industry.

Alaska’s Plan to End Long Term Homelessness, the full progress report for 2016 visit:






AHFC paid tribute to Covenant House’s efforts to address homeless youth in Anchorage during FY16 with Mark Romick, acting deputy executive director, joining Governor Bill Walker and First Lady of Alaska Donna Walker among others, for the 2015 Vigil and Sleep Out on November 19, 2015. Covenant House and its homeless programs have had support from AHFC for more than 10 years. The organization received $392,881 through the Basic Homeless Assistance Program in FY16.



  • Homelessness continues to be an issue for the state. The Grant Match Program is set up to assist non-profit homeless service providers statewide and issued $1.3 million in awards in FY16. The awards provided the required matching funds for the Department of Housing and Urban Development Continuum of Care Program leveraging $3.7 million benefiting 19 non-profit service providers.
  • To be able to stay and be comfortable in one’s home is a priority for many seniors. The Senior Housing Accessibility Modification Program makes that possible. The program provided $825,000 in funding to upgrade housing for 65 senior households in FY16.
  • The Carmen House Transitional Housing program operated by the Interior Alaska Center for Non-Violent Living was one of the programs affected by a change in funding priorities by the Continuum of Care Program, administered by the Department of Housing and Urban Development in FY16. The change meant either a decrease or total loss of funding for transitional housing programs in Alaska which provide assistance for survivors of domestic abuse and sexual assault. AHFC was able to redirect funding in the Interior Alaska Center for Non-Violent Living’s current Emergency Solutions Grant and Basic Homeless Assistance Program to provide $40,841 in bridge funding ensuring continued service to vulnerable Alaskans.