“This funding will provide critical breathing room for both renters and their landlords… potentially avoiding a disastrous tsunami of evictions across the state,” says Bryan Butcher, CEO and executive director of Alaska Housing Finance Corporation.
The development brings the first 100 percent market rate apartment community to the Park Strip North district of downtown Anchorage in more than forty years.
Unless a general contractor is doing what is known as “speculation work” in which the builder constructs the house before it has a buyer—also sometimes referred to as tract homes—the work and challenges presented when building a home in the Fairbanks-area can be daunting.
Cook Inlet Housing Authority opened a new family-oriented housing complex in Anchorage’s Mountain View neighborhood featuring twenty-one townhouse-style apartments, the latest development in a decade-long revitalization of the north Anchorage community.
In October, the Yup’ik community of Newtok braced itself to lose four homes to rapid erosion as storms from the southeast removed dozens of feet of shoreline no longer protected by ice and permafrost due to climate change.