July 2019 Newsletter
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Inside this Home Delivery:
Alaska Housing's role in the state
Accepting applications for Anchorage rental assistance
Alaska Housing by the numbers
Why an Alaska Housing loan?
Maria's seven tips for the savvy homebuyer
Spotlight on the board
Lender of the week/upcoming classes
In the news
Letter from Public Housing Director, Cathy Stone
Alaska Housing's role in the state
One thing we know is housing. From supporting shelters to financing one in three mortgages in the state last year, our mission to provide Alaskans access to safe, quality and affordable housing never waivers.
As a state agency charged with responsibly administering corporate and federal dollars, I am proud of the work we do in public housing that both meets our mission and incentivizes families to work toward financial self-sufficiency, while also injecting nearly $3 million each month into the private sector.
Accepting applications for Anchorage rental assistance
Deadline for Alaskans to apply for the Anchorage rental assistance lottery is TODAY.
The federally funded Housing Choice Voucher program is accepting applications in Anchorage through Alaska Housing. Landlords who accept the vouchers receive a monthly rental payment directly from Alaska Housing as well as their tenant. For low-income families with a workable adult, rental support is limited to five years.
Alaska Housing by the numbers
Alaska Housing works to reach every community in the state directly or through regional authorities with its mission to provide Alaskans access to safe, quality, affordable housing.
The corporation provides mortgage financing, public housing, energy efficiency programs, senior housing, and other housing-related services, including as administrator for federal housing funds in the state.
Alaska Housing’s economic impacts highlights for Fiscal Year 2018 include:
Why an Alaska Housing loan?
Buying a new home can be like traveling through unknown terrain. Alaska Housing is a buyer’s navigator, outfitting him/her with homebuying tools such as competitive financing and comprehensive homebuyer education.
Alaska Housing offers a variety of loan programs, from single-family and multi-family loans to loan options and other programs in both urban and rural areas.
So why finance with Alaska Housing?
Maria’s seven tips for the savvy homebuyer
Alaska Housing Outreach Specialist and instructor of our HomeChoice™ homebuyer education class, Maria Celli, shares her top seven tips for savvy homebuyers.
1. Credit is king!
To obtain a mortgage loan for the purchase of a home, a homebuyer must meet credit score requirements. A good initial step is to get a free credit report through AnnualCreditReport.com before going to a lender.
2. Purchasing a home is a long-term commitment
Plan on living in a new home for more than a few years. The transaction costs of buying and selling a home far exceed that of renting and a short-term homeowner may run the risk of losing money.
Spotlight on the board: Meet Health Commissioner Adam Crum
Adam Crum serves as commissioner for the Alaska Department of Health and Social Services. He was born and raised in Alaska and has over a decade of experience in the private sector in strategic management, organizational development, executive consulting and working on multi-billion dollar projects.
HomeChoice™ schedule
AHFC offers a free class to help prospective homebuyers work their way through the decisions and steps that buying a home can entail.
What's on our calendar:
Connect with Alaska Housing at upcoming events:
- Aug. 2: U.S. Coast Guard Appreciation Day (Kodiak)
- Aug. 17: Renewable Energy Fair (Fairbanks)
- Aug. 22 – Sept. 2: Alaska State Fair (Palmer)
In the news:
Council on Eliminating Barriers to Affordable Housing Development
On June 25, President Trump signed an executive order to establish the Council on Eliminating Barriers to Affordable Housing Development.
The Council will engage with state, local, and tribal leaders as well as private-sector stakeholders to identify regulations and practices that artificially raise the cost of housing development and contribute to the shortage of affordable housing.
Buying or renting in Anchorage? Here’s what to consider
A new study suggests it's cheaper to buy than rent in Anchorage — by about $100 a month. Before you trade your rent payment for a monthly mortgage, local realtors say there's more to consider.
Feedback or news you'd like to share? Email us at newsdesk@ahfc.us
