Annual Report Highlights Housing Progress in Alaska
AHFC is one of the strongest housing finance agencies nationwide
Navigating Alaska's Housing Landscape.The journey through Alaska’s housing landscape winds across vast stretches of unfamiliar and challenging terrain. With Alaska Housing Finance Corporation as the navigator, Alaskans have a trusted resource for safely moving into a place of their own, whatever they dream.
WHO: Alaska Housing Finance Corporation (AHFC)
WHAT: AHFC’s annual report is available at http://reporttoalaskans.us/
WHEN: TODAY, Wednesday , January 11, 2017.
Selected bullets contained in AHFC’s annual report
- AHFC’s commitment to the State of Alaska’s dividend increased to $30.5 million, up $4.6 million from FY15. Since 1986, AHFC’s total cumulative contribution to the state is close to $2 billion. Also, revenue increased with a net gain of $14.2 million reported compared to $8.5 million in FY15.
- Mortgages supported 1,752 families and individuals moving into new homes, with nearly half as first time homebuyers. The portfolio at fiscal year-end (June 30, 2016) contained 14,939 loans.
- Thirty-day delinquencies on outstanding mortgages continued to decrease from 3.9 percent in FY15 to 3.7 percent in FY16. The foreclosure rate fell for the same time period from 0.55 percent to 0.29 percent, a 46 percent decrease.
- AHFC remains one of the strongest housing finance agencies nationwide according to the three rating agencies, Standard & Poor’s Ratings Service, Fitch Ratings and Moody’s Investment Services.
Alaska Housing Finance Corporation (AHFC) is a public corporation with a long history of providing Alaskans access to safe, quality and affordable housing through home financing programs, energy efficiency and weatherization programs, public housing and more. Since 1986, AHFC has contributed $1.9 billion to the State of Alaska's General Fund.