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
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.