Affordable Housing

ANCHORAGE, AK - August 4, 2010 - (RealEstateRama) -- U.S. Housing and Urban Development Assistant Secretary Sandra B. Henriquez joined Anchorage Mayor Dan Sullivan today to celebrate the grand opening of Eklutna Estates, the newest senior housing development of the Cook Inlet Housing Authority (CIHA). The housing authority used $3.2 million of the $5.7 million it received from the 2009 American Recovery and Reinvestment Act to construct the new housing.

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.