AHFC Board Approves $5.9 Million
in Multi-Family Housing Loans
ANCHORAGE, Monday, July 21, 2003-- Alaska Housing Finance Corporation’s
(AHFC) Board of Directors has approved two loans for long-term financing of 104 units of
multi-family housing in the Jewel Lake area of Anchorage.
The $3,600,000 and $2,287,500 loans will provide 30-year financing for a 64-unit
apartment complex at 2101 – 2171 West 80th Avenue and a 40-unit complex at 2001 – 2041
West 80th Avenue. The larger property is 100 percent completed, while the 40-unit property is 98
The two-bedroom, one-bath units range from 675 to 740 square feet and rent for $925
monthly per unit.
AHFC is a self-supporting public corporation with offices in 16 communities statewide.
It provides financing for multi-family complexes, congregate facilities, and single-family homes,
with special loan programs for low- and moderate-income borrowers, veterans, and those living
in rural areas of the state. It also provides energy and weatherization programs; low-income
rental housing; and special programs for the homeless and those seeking to become self-
sufficient. AHFC contributes more than $100 million annually to Alaska's state revenues through
cash transfers, capital projects and debt-service payments.
For more information, contact: Sherrie Simmonds, Corporate Communications Officer,
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