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Fairbanks’ Newest Housing Announces Open House

74 families will have comfortable and accessible homes

A new multifamily complex is rising from the site of Fairview Manor. Opened in the early 1950's, Fairview Manor provided reasonably priced rental housing to thousands of Fairbank's residents over the past 5 decades, but has outlived its usefulness. The multi-phased development replacing it will eventually include 130 units of affordable family housing and 76 units of renter and owner-occupied senior housing.

The first 74 units of family housing is currently in its initial leasing stage.  To celebrate the occasion, Community Development, Inc. is hosting an open house on Tuesday, October 27, 2009.  The community is invited to tour the first building to open starting at 10 AM, with a brief ceremony being held at 10:30.

This new complex, located at 1201 Kellum Street, provides modern, efficient housing.  Not only do the buildings meet Alaska's Building Energy Efficient Standards, but they feature many eco-conscious features such as energy star rated appliances, energy efficient dual-paned windows, and arctic entries.  In addition, heat and hot water comes from a local energy plant and helps off-set some of the pollution from electrical generation by using hot water, a by-product of this generation.

There are two four-story buildings with elevators and common areas including laundry facilities, exercise and computer rooms, and meeting space suitable for classes, seminars, or other resident activities.  The site plan also include plenty of open space for playgrounds, areas with picnic tables and barbeque grills, landscaping and walking paths...and covered parking.  High occupancy levels and long waiting lists reported by other affordable rental properties, as well as the difficulty renters in general have in finding high quality units for affordable rents, suggest that this will greatly help the city.

The realization of this bright addition to the city has come about through the combined efforts of many organizations.  City and Borough government have cooperated with the developer and provided various supports to the project.  Community Development, Inc. arranged the purchase and development of the property along with its partner, Weeks Field Development Group.  The housing sponsor is CDI-Alaska, Inc.  Architecture was created by Bettisworth North and construction services provided by Criterion General.  The property will be professionally managed by Somerset Pacific. Financing was provided by Rasmuson Foundation, Wells Fargo Bank and Alaska Housing Finance Corporation.

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