Alaska RealEstateRama

ANCHORAGE, AK - March 19, 2010 - (RealEstateRama) -- Friday, March 19, 2010 – Additional south Anchorage housing will soon be available for seniors. The Board of Directors for Alaska Housing Finance Corporation this week approved an $846,000 mortgage loan to Lumen Park Associates for a 20-unit low- to moderate- income independent senior housing project to be located on the east side of Lake Otis Parkway, near the southeast corner of Abbott Road and Lake Otis intersection.

ANCHORAGE, AK - March 19, 2010 - (RealEstateRama) -- Friday, March 19, 2010 – The Board of Directors for Alaska Housing Finance Corporation Tuesday approved $1.9 million in mortgage loans for Cook Inlet Housing Authority (CIHA) to finance the development of the fourth phase of the Mountain View Village low-income family housing development. A total of 34 housing units will be built at three different locations, consisting of one- to four-bedroom units, renting for between $700 and $1,100 per month to qualified families.

Juneau, AKL - January 13, 2010 - (RealEstateRama) -- Governor Sean Parnell today transmitted legislation to renew the Veterans Mortgage Loan program. If passed by the Legislature, voters in the 2010 general election would be asked to approve $800 million of state-guaranteed bonds. The bonds would be issued by the Alaska Housing Finance Corporation for the purchase of mortgage loans made to qualifying military veterans.

November 2, 2009 - (RealEstateRama) -- Nine rural communities have been selected to receive grant funds next year under Alaska Housing Finance Corporation's Teacher, Health Professional & Public Safety Professional housing program.After a competitive review process, applications approved for new construction are for teacher housing in Mountain Village eight units, Unalaska six units, Koyuk two units, Teller four units, Napaskiak eight units, and Huslia two units. Approved for rehabilitation of existing housing units are Tanana two units and Noatak four units.

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.

ANCHORAGE, AK - September 10, 2009 - (RealEstateRama) -- Wednesday, September 09, 2009 –Alaska Housing Finance Corporation (AHFC) in May announced that by using proceeds from a variety of bond programs, they had lowered interest rates for purchases by first-time homebuyers and veterans.

ANCHORAGE, AK - September 1, 2009 - (RealEstateRama) -- The Board of Directors for Alaska Housing Finance Corporation meeting approved a $2,577,250 loan for the second phase of the Weeks Field affordable family housing complex in Fairbanks.

ANCHORAGE, AK - August 25, 2009 - (RealEstateRama) -- United States Attorney Karen L. Loeffler announced that on August 21, 2009, lead defendant Lance Lockard was sentenced to 70 months in prison for his leadership of a large-scale mortgage fraud scheme

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.

ANCHORAGE, AK - July 9, 2009 - (RealEstateRama) — Broker-dealers interested in serving as a senior or co-manager for Alaska Housing Finance Corporation’s negotiated bond sales over the next three years have until July 29, 2009 to submit their qualifications to the Corporation.

Anchorage, AK - June 30, 2009 - (RealEstateRama) — Tuesday, June 30, 2009 –The non-profit Retirement Community of Fairbanks last week secured the final piece of the $5 million needed to accomplish the first phase of its goal to offer safe, quality and accessible housing for Fairbanks area seniors. The organization received approval from the Alaska Housing Finance Corporation’s board of directors for $2.2 million in loans to develop a 20-unit, elderly multi-family apartment building to be named Raven Landing Apartments.

Anchorage, AK - June 26, 2009 - (RealEstateRama) — Governor Sarah Palin today made appointments to the Alaska Commission on Postsecondary Education and the Alaska Housing Finance Corporation Board of Directors.Alaska Commission on Postsecondary Education

Energy Department Reveals Strings Attached, Asks States to Comment. Anchorage, AK - June 5, 2009 - (RealEstateRama) — The U.S. Department of Energy (DOE) confirmed today there are strings attached to stimulus package funds. DOE is now inviting states to comment on a draft document that they developed for measuring and demonstrating compliance with those strings attached to universal building code provisions of the American Recovery and Reinvestment Act (ARRA). Last month, Governor Sarah Palin vetoed the $28.6 million in federal stimulus funds tied to adoption of building codes by municipalities.

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.

Juneau, AL - May 21, 2009 - (RealEstateRama) — Responding to the flooding on the Yukon and Kuskokwim rivers, the State of Alaska has officially requested a preliminary damage assessment (PDA) from the Federal Emergency Management Agency to evaluate the losses in residential property, businesses and public infrastructure