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Cook Inlet Housing’s Centennial Village Grows to Meet Seniors’ Housing Needs, Eklutna Estates Grand Opening – August 3


Cook Inlet Housing Authority (CIHA) will celebrate the grand opening of Eklutna Estates, located at 8850 Centennial Circle on Tuesday, August 3rd at 1:30 p.m. Eklutna Estates is a fifty-nine unit facility located within CIHA’s existing senior community, Centennial Village, in east Anchorage.

Eklutna Estates consists of 46 one-bedroom/one-bath units and 13 two-bedroom/two-bath units and is open to Alaskans aged 55 and older. Eklutna Estates is a mixed-income property with most rental units available based on income eligibility guidelines and a limited number of units available at market rate without income restrictions.

The total cost for the development of Eklutna Estates is $23.837 million. Funding for the development includes:

Wells Fargo Low-Income Housing Tax Credit Investment (LIHTC)     $ 13,183,539*
AHFC Supplemental Grant Program Funding                                       $   2,712,200
AHFC SCHDF (Senior Housing) Grant                                                 $   2,132,283
1st Deed (AHFC)                                                                                       $      900,000
2nd Deed (AHFC)                                                                                      $      597,000
CIHA deferred developer fee                                                                $      107,305
3rd Deed (CIHA NAHASDA loan)                                                         $   2,700,000
4th Deed (ARRA HOME T-CAP funds)                                                 $      505,641
*Wells Fargo also provided a $5.6 million commercial real estate loan to CIHA.

Eklutna Estates was designed using sustainable building practices and will exceed the State of Alaska Building Energy Efficiency Standard (BEES) with a 5 Star energy rating.  Eklutna Estates also features Energy Star certified appliances, in-floor radiant heat and exterior glazing and insulated windows, which allow for minimal heat loss while allowing maximum daylight.

Every unit in Eklutna Estates is accessible and designed to the guidelines of the Uniform Federal Accessibility Standards.  The building has many common spaces including a craft area, recreation/game room, library and one of the most dynamic common spaces, the rooftop “green” garden, which is accessible from the fourth floor gathering space and community kitchen.

CIHA is proud to announce that Eklutna Estates is a smokefree building. “More and more Alaskans want to live in a smokefree environment,” says Carol Gore, President and CEO of CIHA. “It is our goal to provide quality, affordable and healthy homes.”

The Alaska Tobacco Control Alliance will present CIHA with a Letter of Commendation for their efforts in providing healthy housing options. This is CIHA’s first smokefree property. As of September 1 CIHA will implement a smokefree housing policy in all of our properties – all new leases will be smokefree and expired leases will become smokefree as they come up for renewal.

The Grand Opening Celebration will include a speaking program with remarks by Carol Gore, President and CEO, CIHA; Mayor Dan Sullivan; Margie Brown, CEO, CIRI; Michael Fredericks, President and Owner, RIM First People; Susanne Fleek, State Director, Office of Senator Mark Begich; Sandra Henriquez, Assistant Secretary for the Office of Public and Indian Housing, HUD; Mike Buller, Deputy Executive Director, AHFC; Kevin Gardiner, Vice President Investment Manager Wells Fargo Community Lending and Investment and Pita Benz, Senior Vice President Wells Fargo Commercial Real Estate Group. There will be self-guided tours of the property immediately following the program and ribbon cutting ceremony.

Cook Inlet Housing Authority’s mission is to create housing opportunities that empower our
people and build our communities.

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Fact Sheet

More about Eklutna Estates

· Eklutna Estates is a “green” building. The design incorporates sustainable building practices and was designed following LEED – Leadership in Energy and Environmental Design.
· Eklutna Estates will exceed the State of Alaska BEES (4 Star+) with a 5 Star Energy rating.
· Every unit in the building is fully accessible and designed in accordance with the Uniform Federal Accessibility Standard (UFAS).
· One of the most unique features of the design is the rooftop garden terrace.
·  Eklutna Estates is 100% smokefree.

The Senior Population in Alaska

· For the second year in a row, Alaska has the fastest growing senior population of the 50 states, with an increase of almost 50% among individuals age 65 and older during the past ten years.
· Older Alaskans are a highly diverse group of individuals, living a great variety of lifestyles in communities large and small.
· Over 20% of Alaskans age 65 and older are receiving a modest monthly cash supplement from the Senior Benefits Program, a percentage which varies greatly by location, from 13 percent in the North Slope region to 59% in the Bethel/Wade Hampton region. (19% in Southcentral)
· Senior (60+) food stamp recipients up 22% since November 2008.

Senior Snapshot: Older Alaskans in 2009 from Alaska Commission on Aging

CIHA and Senior Housing

· Cook Inlet Housing Authority has been providing senior housing to Alaskans since 1983, with five properties, totaling 308 housing units, located in our Centennial Village community in east Anchorage and three senior properties located on the peninsula, 10 units in Ninilchik, 24 units in Kenai and 18 units in Seldovia.

·With the addition of Eklutna Estates to Centennial Village, CIHA’s total affordable senior housing portfolio will grow to 419 housing units.

CIHA and Affordable Housing

· In addition to senior housing, CIHA also develops and manages affordable individual and family housing rental properties.
· CIHA currently manages 253 units of affordable individual and family housing located throughout Anchorage.
· CIHA’s total affordable property management portfolio is 672 housing units.

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