Juneau Affordable Housing Fund meeting April 21

Developers of affordable housing now have an incentive from the City and Borough of Juneau — cash from a fund designed to acquire, rehabilitate, preserve or create affordable homes.
The Borough and the Juneau Economic Development Council Thursday announced the release of the Juneau Affordable Housing Fund (JAHF) preliminary application for funding.
The City Assembly passed an ordinance last July that created the $400,000 fund, which is the JAHF is the first of its kind in the state of Alaska.
It was designed “to address the shortage of affordable housing in Juneau by providing low and zero-interest loans to non-profit organizations, public housing authorities, and profit-motivated entities that can provide housing for households at 120 percent Area Median Income (1 person, $67,650) and below,” according to a press release.
It will be managed by the Assembly-appointed Affordable Housing Commission and the city affordable housing coordinator at the Juneau Economic Development Council.
Each year the Commission will set priorities for the use of JAHF funds.
JAHF round one priorities include:
• Use of capital to develop housing units; one-bedroom rental units for low-income residents (50 percent AMI and below); and long-term affordability (50+ years).
• To ensure sustainability of the JAHF, 65 percent of JAHF funds will be available for round one ($260,000). The majority of awards will be low-interest loans. Five percent of funds will be available for zero-interest loans.
An informational meeting will be held April 21 at noon at the Juneau Economic Development Council.
The deadline for questions is May 5. Preliminary applications will be accepted until May 31 at 4:30 p.m.
For an application and more information, please contact Affordable Housing Coordinator Scott Ciambor at JEDC. 523-2338, or by email at sciambor@jedc.org. More information on the JAHF program is available at http://jedc.org/housing-fund.shtml.


Thu, 01/19/2017 - 09:26

Around Town for Thursday, Jan. 19

Today, Jan. 19

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Thu, 01/19/2017 - 09:21

This Day in Juneau History: Jan. 19, 1987

On Jan. 19, 1987, with revenues half of what they were the year before and an estimated budget deficit ranging from $700-$900 million, the 15th Alaska Legislature began working on the state’s enormous budget deficit. Everyone was present for the Legislature’s first day except for Sen. Frank Ferguson, D-Kotzebue, who resigned shortly after his election because of health problems. Taking his place was Kotzebue businessman and Native leader Willie Hensley, whom Gov. Steve Cowper appointed for the position until the 1988 elections.

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Thu, 01/19/2017 - 09:21

Police & Fire for Thursday, Jan. 19, 2017

This report contains public information available to the Empire from law enforcement and public safety agencies. This report includes arrest and citation information, not conviction information. Anyone listed in this report is presumed innocent. Anyone with information about a crime can report a tip anonymously to juneaucrimeline.com.

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