KeyBank Community Development Lending & Investment (CDLI) provided Cook Inlet Housing Authority (CIHA) $6.9 million in combined construction-to-permanent loan financing for the development of Elizabeth Place Apartments, along with $5.8 million in LIHTC equity. Elizabeth Place Apartments will be a mixed-use project in downtown Anchorage, AK with commercial space and 38 units of affordable housing for those earning between 50 – 60% area median income (AMI). The project will also have 12 market rate units.
Cook Inlet Housing Authority (CIHA) will hold a grand opening celebration this Wednesday for two housing developments opening in Muldoon. Creekview Plaza II features 18 one-bedroom apartments in a mixed-use building, with retail space at the street level.
The third phase of a multi-year construction project to replace trail bridges will begin on the Tony Knowles Coastal Trail on Monday, October 15, 2018. The construction schedule will depend on weather conditions. Bridge will re-open for winter trail use after installation tentatively in January 2019 with surface paving to be completed in spring 2019.
The US Department of Labor awarded $3.35 million dollars to the Alaska Department of Labor and Workforce Development in Trade and Economic Transition Dislocated Worker Grants (DWGs).
August employment was down by an estimated 0.6 percent, or 2,000 jobs, compared to August 2017. Retail had the biggest loss at 1,000 jobs. Professional and business services lost 400 jobs over the year, and so did oil and gas.
Groundbreaking ideas and new ways of thinking can shape the future. Anchorage Design Week 2018 celebrates the power of design to find creative solutions, for professional designers and the public, through workshops, presentations by national speakers, conversations and networking events.
Ahtna, Inc. announced several new hires and promotions within its subsidiaries.
The Alaska Department of Labor and Workforce Development and Department of Administration have finalized regulations to encourage safe workplaces and compliance with labor laws.