AHFC board to set affordable housing award criteria June 24

Alaska Housing Finance Corporation's board will vote June 24 on the rating system that determines which affordable housing projects receive state financing, a decision that can shift which communities or project types win funding when AHFC allocates tax credits, grants, and loans.

The board will meet at 10 a.m. at AHFC headquarters, 4300 Boniface Parkway in Anchorage, to consider a resolution approving the GOAL Program Rating and Award Criteria. That's the formal Qualified Allocation Plan that scores competing applications. The Greater Opportunities for Affordable Living (GOAL) Program expands the supply of decent, safe, sanitary, and affordable housing for lower-income Alaskans, families, and seniors.

The criteria set priorities for bedroom mix, accessibility features, and other project characteristics that earn points in the competitive process. Changes to the rating system can shift which communities or project types receive priority when AHFC allocates Low-Income Housing Tax Credits, federal HOME funds, National Housing Trust Fund resources, and Senior Citizens Housing Development Fund grants.

AHFC has historically approved GOAL criteria annually or periodically in response to public comment and policy changes. At its March 26, 2025 meeting, the AHFC Board received a program update showing that GOAL Program awards had been announced to six proposals to build or renovate 141 units, illustrating the scale of unit production impacted by each award cycle and its underlying rating and award criteria.

AHFC solicited public comment on proposed changes to the plan earlier this year, holding a teleconference April 27 and accepting written comments through May 15.

The meeting will be conducted using electronic media.