WASILLA — Alaska Housing Finance Corporation recently announced its 2020 Greater Opportunities for Affordable Living (GOAL) grants and tax credits, totaling to $12 million in housing grants and federal tax credits and loans to 207 units in communities across the state.
This got eight Alaskans affordable housing projects for low income families, seniors and those with disabilities off the ground, including three Wasilla housing projects for Aspen Pines, Wasilla Area Seniors Inc., and Valley Residential Services.
Aspen Pines is opening 40 new units for mixed-income tenants. The project is sponsored by Wasilla Pacific Associates III and Deep Green Housing.
WASI is expanding the Wasilla Area Seniors Inc. campus with a new 40-unit apartment building, partnering with Cook Inlet Housing Authority. The apartment is designated for seniors 55 and older for mixed-income residents, including those with disabilities or facing homelessness.
“So having housing that’s really suitable for seniors is what we’re trying to do here,” WASI CEO Chuck Foster said. “This is a really good thing I think for the senior population of the Valley; and if it’s good for the seniors in the Valley, quite frankly it’s good for everybody in the Valley. It just makes life better.”
Valley Residential Services is expanding their Yenlo apartments with 22 workforce housing units for mixed income families.
“Every unit will have a full garage, which is unique for apt living downtown,” Valley Residential Services President and CEO John Weaver said. “Housing is the most important element of healthy living.”
The 2020 program awards are expected to generate $55 million plus impact to the state’s economy, according to a recent press release.
“Funding from GOAL improves lives and strengthens communities with quality housing that is affordable to Alaskans,” Bryan Butcher, AHFC CEO and executive director stated in the press release.
Contact Mat-Su Valley Frontiersman reporter Jacob Mann at email@example.com
Summaries of the projects funded across the state are listed below:
Wasilla — Aspen Pines, 40 units (Developer — Wasilla Pacific Associates III)
Wasilla — Yenlo II, 22 units (Developer — Valley Residential Services)
Wasilla — WASH, 40 units (Developer — Wasilla Area Seniors Inc.), Including $350,000 from Rasmuson Foundation
Petersburg — Valhalla Place, 15 units (Developer — Swell LLC)
Eagle River — Regency Apartments, 30 units (Developer — Swell LLC)
Homer — Crane Hill II, 4 units (Developer — Kenai Peninsula Housing Initiatives)
Kenai — Kenai Meadows II, 6 units (Developer — Kenai Peninsula Housing Initiatives)
Anchorage — South Anchorage Senior Housing, 50 units (Developer — Cook Inlet Housing Development Corp.), Including $350,000 from Rasmuson Foundation