SOURCE: Alaska Housing Finance Corporation

September 01, 2005 18:38 ET

AHFC Announces Availability of $22.7 Million in GOAL Funds

Grants and Tax Credits for Affordable Rental Housing Development

ANCHORAGE, AL -- (MARKET WIRE) -- September 1, 2005 -- Alaska Housing Finance Corporation announces the 2006 GOAL Program funding process. The GOAL program provides $2.7 million in grants and $20 million in federal tax credits to developers and project sponsors who build affordable rental housing for low- to moderate-income families and seniors. The program is open to for-profits, non-profits, and regional housing authorities.

Application and details are at www.ahfc.us. Click on [Download] [GOAL Program] [Goal Program Notice of Funding Availability (NOFA) -- Rental and Homeownership Development] (Use dropdown box). Deadline is Oct. 14, 2005.

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 loans for first-time home buyers, low- and moderate-income borrowers, veterans, teachers, nurses, and those living in rural areas of the state. AHFC also provides energy and weatherization programs, low-income rental assistance in 18 communities, and special programs for the homeless. 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
    907-330-8447
    Email Contact