Real Estate Blog - 1.5 BILLION DOLLARS

Home : Blogs : Debbie White : Debbie's Blog & Ramblings

1.5 BILLION DOLLARS – Thanks, AHFC!

The mission statement is "To Provide Alaskans Access to Safe, Quality, Affordable Housing".

Since 1986, Alaska Housing Finance Corporation has contributed over 1.5 billion dollars to the State of Alaska through cash transfers, debt service payments and capital projects after paying all their own operating expenses. This is also after they spend millions each year helping Alaskans with their housing needs. It is nothing short of amazing, and I'd like to recognize the good people at AHFC for their efforts.

Posted by Debbie White on 03/16/2008 06:14 PM

Comments (10)

ahfc

This post has been included in Alaska Information
Post is included in group: Alaska - Real Estate In The Last Frontier

10 Comments on 1.5 BILLION DOLLARS – Thanks, AHFC!

MAR

2008

It is good to see that there is still Corporations out there helping to fullfill the true american dream every day. Best of luck and and hope that the assistance is helping your market at the same time.

Ron Craft - Realtor

Coldwell Banker Elite

Proudly serving Stafford, Spotsylvania, Quantico MCB and surrounding areas

rcraft@coldwellbankerelite.com - 540-273-2867

Ron - Alaska Housing Finance Corporation is basically a statewide housing authority. They are organized as a corporation because of their investments, the way I understand it. Basically it's another state government entity (but don't tell them that!)

PS: Please don't advertise on my blog. It is really of no benefit to you and many people get quite upset over it.

AHFC is a state chartered entity somewhat similar to the GSE's - Fannie & Freddie. Since inception they have made a tremendous positive impact on Alaska and the statewide housing market. Thanks to a history of good management they have maintained their thus far unblemished credit rating... a major bonus in the finance world today.

Thanks, Jesse... I am fighting a cold and the words were somewhere in the fog that is supposed to be my brain. I guess what I didn't make clear was that AHFC is a publicly held corporation.

Don't worry about it. I'm not fighting a cold but after reading my comment it appears my ability to spell went out the window just the same. No cold, no cold, no cold! :)

MAR

2008

Debbie, that is astronomical. It sounds like they are doing a super job.

Hi, Danny - They really are. I'm hoping to do articles about them because many of our citizens do not realize the benefits our state receives through AHFC. My family thinks of them as the wisest use of oil money our state could ever have. All their loans are assumable, fixed rate.

Debbie, here in Connecticut CHFA has helped hundreds of thousands if not millions of First Time Homebuyers to purchase their first home at below market interest rates. It is great that in Alaska AHFC and Connecticut CHFA have tried to keep home ownership within reach.

MAR

2008

Good Point...AHFC might be a lender of last resort if all these other ones go the way of Bear Stearns.

MAR

2008

Debbie,

Will they adopt Arizona? LOL Maybe we could work out some sort of sun credits!

Mike in Tucson

This blog does not allow anonymous comments