SOURCE: Alaska Housing Finance Corporation

June 29, 2005 16:18 ET

$5.6 Million Renovation Completed

AHFC Hosts Chugach Manor Senior Housing Rededication

ANCHORAGE, AK -- (MARKET WIRE) -- June 29, 2005 -- A rededication of the 120 units of rental housing at the Chugach Manor senior facility, 1281 E. 19th Avenue, Anchorage, is scheduled for Friday, July 1, 2005, at 11:30 a.m.

Alaska Housing Finance Corporation (AHFC) is winding up a two-year, $5.6 million interior and exterior renovation. The project evolved in four phases, with one wing under construction while other wings were occupied. After completion of each wing, tenants moved into the newly remodeled facilities, and construction moved to the newly vacated area.

Chugach Manor is a three-story structure built in 1987 at a cost of $9.3 million in federal funds from the U.S. Department of Housing and Urban Development (HUD). AHFC owns and manages the building, while HUD continues to provide operating money. The property's one-bedroom units are income restricted for seniors and those meeting the definition of disabled.

Bezek Durst Seiser designed the project, and Gamble Construction, Inc., served as the general contractor. The renovation included new landscaping and parking lots, heated exterior walkways, and renovation of the interior of all units and common areas.

The celebration will coincide with the annual Independence Day barbeque at Chugach Manor and Chugach View, an additional 120 units of senior housing adjoining the property. AHFC's partners, staff and board of directors, and staff from Governor Murkowski's office and HUD are expected to participate in the event.

AHFC is a self-supporting public corporation with offices in 16 communities statewide. It provides statewide financing for multi-family complexes, congregate facilities, and single-family homes, with special loan options for low- and moderate-income borrowers, veterans, teachers, nurses, and those living in rural areas of the state. It also provides energy and weatherization programs, low-income rental assistance in 18 communities, and special programs for the homeless and those seeking to become self-sufficient. Since 1986, AHFC has contributed more than $1.4 billion to Alaska's State budget revenues through cash transfers, capital projects and debt-service payments.

Contact Information

  • For more information, contact:
    Sherrie Simmonds
    Corporate Communications Officer
    Email Contact