Laws & Taxes

Laws & Taxes

Begich Introduces Rural Teacher Housing Bill

June 11, 2012 - (RealEstateRama) -- With the high cost and shortage of housing in rural Alaska along with the impact it has on recruiting and retaining professionals in several critical fields, U.S. Sen. Mark Begich has introduced the Rural Educator and American Community Housing Act. The bill authorizes the Secretary of Agriculture to distribute $50 million in loan guarantees and grants for housing support for educators, public safety officers, and medical providers in rural communities.

AHFC Awards $26 Million to Cook Inlet Housing Authority for Redevelopment of Loussac Manor

ANCHORAGE, AK - December 14, 2010 - (RealEstateRama) -- Monday, December 13, 2010 - Alaska Housing Finance Corporation (AHFC) announced the award of $26 million in federal tax credits to Cook Inlet Housing Authority (CIHA) for the redevelopment of Loussac Manor, a 50-year-old public-housing site in Anchorage. AHFC had relocated the former tenants from the 62-unit complex this summer, and the demolition of the site is currently underway

Rep. Young Cosponsors, Votes For Two Bills To Aid Veterans

Washington, D.C. - October 8, 2009 - (RealEstateRama) -- Alaskan Congressman Don Young voted yes today on H.R. 3590, the Service Members Home Ownership Tax Act and H.R. 1016, the Veterans Health Care Budget Reform and Transparency Act, both of which he cosponsored.

HUD secretary Donovan announces $2.5 million in Recovery Act funds to improve Native American...

Grants bring total HUD's Recovery Act investment in Native American and Alaskan communities to over a half billion dollars WASHINGTON, DC - August 27, 2009 - (RealEstateRama) -- U.S. Department of Housing and Urban Development Secretary Shaun Donovan today announced that HUD is awarding five grants, totaling $2.5 million, to Native American and Native Alaskan communities across the country to improve housing and stimulate community development (see below for detailed grant list)

Donovan Awards Almost $5.5 Million To Jump-Start Affordable Housing Construction In Alaska

Recovery Act funding to stimulate the production of affordable units stalled by recession. July 30, 2009 - (RealEstateRama) -- U.S. Housing and Urban Development Secretary Shaun Donovan Tuesday awarded $5,490,631 to jump start affordable housing programs in Alaska that are currently stalled due to the current economic recession. Funded through American Recovery and Reinvestment Act of 2009 (Recovery Act), HUD’s new Tax Credit Assistance Program (TCAP) will allow the Alaska Housing Finance Corporation to resume funding of affordable rental housing projects across the state while stimulating employment in the construction trades.

New Senior Housing Scheduled for Anchorage AHFC Loans, Grants, and Tax Credits Make Project...

Anchorage, AK - May 22, 2009 - (RealEstateRama) — Fifty-nine new units of affordable senior housing are moving forward in Anchorage, secured with long-term financing through Alaska Housing Finance Corporation. The AHFC board Tuesday approved loans totaling $1.5 million for the project known as Eklutna Estates Senior Housing.

AHFC awards $46.8 million to generate more than $70 million of rental housing

Anchorage, AK - February 02, 2009 - (RealEstateRama) — Communities across the state will benefit from more than $70 million of combined new housing construction and renovation of existing housing designated for seniors, low-income families and persons with disabilities—thanks to $46.8 million in grants and federal tax credits awarded Tuesday by Alaska Housing Finance Corporation.

Stevens Votes in Support of Housing Relief Package with Amendment Promoting Renewable Energy Development

WASHINGTON, D.C. – The U.S. Senate passed housing stimulus legislation (H.R. 3221) designed to provide tax breaks to certain underperforming companies and for purchasing foreclosed homes. The Foreclosure Prevention Act includes a provision co-sponsored by Senator Ted Stevens (R-Alaska) and Senator Lisa Murkowski (R-Alaska) that extends tax incentives to encourage the production of renewable energy.

Borough officials to pitch tax initiative

In the wake of voters’ rejection of a sales tax, a pair of borough officials pledged Tuesday to propose a statewide initiative aimed at changing state law to increase the allowable residential property tax exemption from $20,000 per home to $100,000.

‘Yes’ and ‘no’: Tax measures: vote ‘yes’ in the city ‘no’ in borough

Fairbanks-area voters will address two tax proposals in Tuesday’s municipal election. People outside the Fairbanks city limits will have a single sales tax question on the ballot, and it should be voted down. Vote “no” on the borough-wide sales tax Tuesday.

City property taxes

Mayor Mark Begich and Anchorage Assembly chairman Dan Coffey are dangling the prospect of a significant drop in property taxes in front of Anchorage voters and taxpayers.

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FERC Proposal Would Roll Back Land Use Fee Hikes for Alaska...

U.S. Sen. Lisa Murkowski, R-Alaska, today welcomed the Federal Energy Regulatory Commission’s (FERC) proposal of a new method to calculate annual charges for hydropower projects on federal lands in Alaska. FERC is seeking comment on the use of a statewide average per-acre land value rather than a regional per-acre land value, which would reduce recent land use fee increases and help lower the cost of future projects.