Alaska Housing Finance Corporation

Fiscal Year 2021 Annual Report

Letter to the Honorable Governor Dunleavy 

Commemorating Alaska Housing Finance Corporation’s 50th anniversary has been an extraordinary experience. It has been an odyssey of both extreme successes and challenges steeped in the spirit of “The Last Frontier.” Reflecting on the past, present, and future, our mission continues to be guided by a singular purpose: Serving the people of Alaska by providing access to safe, quality, and affordable housing.

    • Using the statutory formula that provides 75% of adjusted net income to the State of Alaska, calculated a dividend of $26.6 million

    • Purchased 1,968 residential loans (1-4 units) valued at $555 million

    • Facilitated closing of 47 Closing Cost Assistance loans totaling $11.8 million

    • Purchased 99 loans with a renovation option totaling $29.6 million

    • Alaska ranks as one of the top states successfully distributing emergency rent relief to those most vulnerable to housing insecurities; Wall Street Journal

    • Alaska was one of the first states to accept applications beginning mid-February 2021

    • FY2021 processed and paid 13,690 applications representing 35,053 Alaskan residents, and totaling $61,048,270.21 in Alaska Housing Rent Relief

    • Housed an average of 10,000 Alaskans per night in AHFC’s Public Housing programs

    • Assisted 12,500 homeless/at risk Alaskans for prevention of and immediate response to homelessness through $6 million in Homeless Assistance Program grants that were provided to 35 agencies

    • Improved energy efficiency to more than 262 homes through Weatherization

    • Delivered AK Energy Smart curriculum to more than 798 students statewide

    • Awarded 194 Emergency Housing Vouchers from HUD to assist individuals with a high risk of housing instability

 

50th Anniversary

- A Golden Anniversary -

Celebrating 50 years of service, the evolution of Alaska Housing Finance Corporation represents a commitment to excellence, innovative advancements, and sound financial investments benefitting all Alaskans. 

 
 

Alaska Housing Rent Relief

- Community Unity -

The community answered the call when Alaska Housing Finance Corporation brought like-minded agencies together to put neighbors first with pandemic aid.

“[AHFC] took the initiative to create a network of partnerships across the state to work together to serve the most vulnerable members of our society.” 

- Jacqueline Pata, CEO President of Tlingit Haida Regional Housing Authority

COVID-19 Response - Overall Program

- Alaska Housing Rent Relief -

Alaska Housing Finance Corporation, working collaboratively with statewide partners immersed in homelessness prevention, distributed $61,048,270.21 in federal emergency rental assistance in the first six months of 2021. 

Partnerships - Alaska Housing Rent Relief

- Neighbors Helping Neighbors -

Partnerships make all the difference when it comes to building safe, secure communities. This was particularly critical for addressing the specific and diverse community needs during the pandemic.

Public Housing

- Moving Forward -

Central to Alaska Housing Finance Corporation’s public housing program is the goal of helping work-able clients achieve success and self-sufficiency without a subsidy.

Planning and Program Development 

The planning and program development department manages several statewide rental development, homeownership, and supportive housing programs, and performs housing market research throughout the state.

 
 

Key Departments

- Innovation & Imagination -

The Research and Rural Development Department promotes a sustainable-built environment offering Alaskans access to safe, quality, and affordable housing.

Finance & Loans

- Mortgages -

 

Alaska Housing Finance Corporation offers loans to meet the varied needs of Alaskans statewide. 

Financials

AA+ rating S&P

Aa2 from Moody’s Investors Service 

AA+ Fitch ratings

This publication was released in electronic format but is available upon request to newsdesk@ahfc.us. Printing would have cost an estimated $12.60 per unit.