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money easier and less expensive for AHFC.

Affordable Housing

The statewide average cost to buy a single-family home in 2011 was more than $282,000. That was for existing construction; new single-family homes cost an average of more than $320,000. AHFC helps educate prospective home buyers and assists with various types of loans. Options are key to the loan programs, which range from single-family and multi-family loans to other programs in urban and rural areas. Singlefamily loan programs include categories such as first-time homebuyer, veteran, rural and refinance. Multi-family loans include those for special needs housing and senior housing units. Homeowners’ associations can apply for loans to improve common areas of a complex. And sponsors of affordable housing, such as nonprofits, regional housing authorities, municipalities or state agencies, can get AHFC loans to assist lowincome borrowers in rural Alaska. Alaskan renters paid an average of

Loussac Place is an AHFC-financed, $35 million, 120-unit mixed-income housing project in Anchorage where construction has been ongoing since 2011. The first units will be leased this June, with project completion expected next year.

Photo courtesy of AHFC

almost $1,700 a month for a three-bedroom apartment. AHFC helps eligible low-income renters by funding affordable rental housing development and by providing rental assistance vouchers. Most of the rental development projects

AHFC finances and/or owns contain community space and recreational areas that help define a complex as a “community” and give children a place to play within easy supervision of their parents.

– where i belong – PEOPLE FIRST › “I came up to Fairbanks for a one week vacation — 13 years ago. Today, I work as a MRI technologist at the FMH Imaging Center. I feel lucky to be surrounded by such amazing technology and a medical team that makes a difference in people’s lives. My life may not be glitzy and glamorous, but I’ll take it.”

community-owned

Amy / MRI Technologist

fmhdc.com

www.akbizmag.com • Alaska Business Monthly • April 2012

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April - 2012 - Alaska Business Monthly  
April - 2012 - Alaska Business Monthly  

Alaska Business Monthly’s 2012 Corporate 100 annual special section begins on page 86. Top citizens of industry are highlighted in this annu...