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Ninilchik low-income housing project awarded funding

Posted: January 2, 2014 - 8:41pm

With state and federal government funding, Alaska Housing Finance Corporation has awarded money to seven projects in five communities including Ninilchik.

AHFC awarded $924,000 to the Kenai Peninsula Housing Initiatives for Inlet Ridge, a six-unit building for low-income families in Ninilchik.

“The development that we funded in Ninilchik was funded in a large part because (the project) was really cost efficient,” Daniel Delfino, AHFC planner said. “It was located in a rural community, which is a priority under our allocation criteria, and it just hit on a number of targets for affordability and efficiency.”

Steven Rouse, KPHI executive director, said the organization uses the highest quality construction materials possible and builds its housing facilities beyond five-star energy standards.

He said construction on Inlet Ridge could begin as early as this construction season, but it is more likely to break ground in 2015.

All of the ground-floor units in the two-story property will be equipped to house mobility-, visual- or hearing-impaired people, Rouse said.

The complex will include one-, two- and three-bedroom units, and rent will vary not only based on the size of the unit but also on the tenant’s income and other factors, he said.

KPHI plans to add a four-plex a couple years after the six-unit building is completed, Rouse said.

Inlet Ridge and the other housing projects are funded through AHFC’s Greater Opportunities for Affordable Living grants program, which had a total of $33.2 million to put toward projects statewide.

Delfino said the GOAL program combines in one application three gap funding sources — state grant funds to build rental housing for seniors, federal grant funds for low-income housing and federal tax credits that finance apartment complexes low-income families. He said the tax credits make up most of the funding.

“The funding … is competitive, especially on the federal level and with a lot of other agencies pulling back their resources these days. … I would say on average … every dollar that we have available under that program there are usually anywhere between $2 and $4 dollars in a request so the funding is super competitive,” Delfino said.

Delfino said developing in rural communities — like Ninilchik — with less than 6,500 people and located more than 50 miles from Anchorage or Fairbanks can be challenging and expensive. He said AHFC recognizes those issues, and gives housing proposals in rural communities preference.

AHFC previously helped to fund the Tovarish Manor project in Ninilchik, which is a senior rental project with some low-income units. The Ninilchik Traditional Council submitted the first project application, and KPHI developed it.

Rouse said KPHI has completed more than 120 units in the past 10 years.

“There’s more than adequate demand and need for us to continue for a long time,” he said.

Other projects awarded GOAL funding include: three Anchorage projects for a total of 113 new units, a 32-unit property in Haines, a 22-unit facility in Juneau and six new rental units in Delta Junction.

Kaylee Osowski can be reached at kaylee.osowski@peninsulaclarion.com.

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Seafarer
1147
Points
Seafarer 01/03/14 - 01:22 pm
1
3
Useful Location

Ya know how many jobs there are in Ninilchik? Close to zero. A perfect place to build, eh? I guess most of the folks will have free rent, since they won't be able to work!

aklogcabin
7
Points
aklogcabin 01/03/14 - 03:27 pm
4
1
Ninilchik low housing.

We may not have alot jobs here in Ninilchik but people do go to work, most driving over 80 miles a day to either Homer or Kenai/Soldotna.
Have you ever lived here? Or do you come here to work in the summer and leave with local $$$ that could have been a Ninilchik residents $$..

jlmh
352
Points
jlmh 01/06/14 - 02:43 pm
1
2
Ninilchik

The point is that there aren't many jobs IN Ninilchik, and if someone is commuting to Kenai/Soldotna and needs housing, they'd be better suited by housing IN Kenai/Soldotna. If you don't already have suitable housing there, and you don't work there, why in the world would you need to live there?

ptzsr1
309
Points
ptzsr1 01/07/14 - 04:00 pm
4
1
There are almost 1000 people

There are almost 4p1000 people living in the Ninilchik area. Many work through the season and more, versus "seasonal, take the money & run folks". They are hard workers and would like to stay in the town they call home.

There are only six (6) units being built and they include housing for Mobility, visual and hearing impaired people.

Something good happening and people complaining- give me a break!!!!!!

Seafarer
1147
Points
Seafarer 01/06/14 - 07:23 pm
3
1
Not A Resident?

I live in Ninilchik. Surprise! Yes, it's a nifty place to live and I love it dearly. But, I still think it's a lousy place for challenged residents. How do they get to docs and hospitals?

Pitzy must be a builder. Good job for awhile! Spend your money here and don't forget to save for Winter...

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