"Workable" families will see their rent increase slowly over the next five years
ANCHORAGE – The Alaska Housing Finance Corporation (AHFC) is working to make sure it can help more people across the state through rent reform.
The elderly and disabled — who make up about half of AHFC’s tenants — will see their rent drop from 30 percent of their income to 28.5 percent. For “workable” families, the goal is to slowly increase their rent over five years, eventually have the families be more self-sufficient and get them out of affordable housing.
Cathy Stone, the director of the Public Housing Division, said that would enable AHFC to help people on the waiting list by freeing up affordable units.
“We have 10,000 people on a waiting list statewide that we’re just not able to serve with the structure that we have,” Stone said. ”In the face of decreasing budget cuts and increasing housing costs we’re hoping to spread out the assistance to more people statewide.”