New Housing Development Planned for Juneau Area

The Alaska Housing Finance Corp. says it's awarding $7.6 million in federal grants and tax credits to developers of a new housing project near Juneau.

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by Associated Press

JUNEAU- The Alaska Housing Finance Corp. says it's awarding $7.6 million in federal grants and tax credits to developers of a new housing project near Juneau.
   
AHFC says a Rasmuson Foundation grant and AHFC mortgage also will go toward covering the total cost of the 40-unit project in Douglas, which is expected to top $10 million.
   
Mark Romick is director of planning and program development with AHFC. He says the hope is for ground to be broken on the project by the end of this summer and for work to be completed next summer.
   
AHFC, in a release, says 25 of the units will be for families who earn between $21,163 and $48,920 a year and/or families with disabilities. The remaining units will be open for anyone, and the rent capped.