The Alaska Housing Finance Corporation recently released our 2014 Alaska Housing Assessment which identified challenges we have in statewide housing stock due to overcrowding, low energy efficiency and cost-burdened home owners.
These aren’t new issues as Alaska has seen a constant increase in population growth combined with new housing construction that hasn’t kept pace, particularly affordable housing. Although there is a shortage of housing throughout Alaska, AHFC’s interest rates remain low and with our Interest Rate Reduction for Low Income Borrower’s option, down payment assistance and First-Time Homebuyer programs, we are doing what we can to help Alaskans become homeowners.
The Housing Assessment also recognized that nearly 20,000 homes have the lowest energy rating of 1 Star. AHFC has received over half a billion dollars from the State of Alaska to boost our Weatherization and Energy Rebate programs across Alaska. This has resulted in nearly 40,000 homes increasing their energy efficiency but clearly there is more work to be done. The continued success of these programs would ensure that homeowners, landlords and renters aren’t spending unnecessary dollars on utilities due to energy losses from their homes.
Along with our partners, AHFC is working diligently to mitigate housing and energy issues that affect Alaskans. To view the assessment on your community and across the state, click here.