Alaska Housing Finance Corporation

The Board of Directors met to consider several resolutions, including the approval of the FY2027 Moving to Work Annual Plan and Capital Fund Program. Other discussions and actions involved amending grant program regulations, authorizing the issuance of conduit revenue bonds for the Baxter Family Housing Phase II project, adopting revised salary schedules for FY2027, and approving a military loan modification. The Board also received reports from the Chair and Executive Director regarding operational, legislative, and financial matters, and held an executive session to discuss the corporation's operational and personnel issues.

The board meeting will address several key items, including the consideration of the FY2027 Moving to Work Annual Plan and Capital Fund Program, and the amendment of various regulations pertaining to grant management and programs. The agenda also covers the authorization of $3,600,000 in conduit revenue bonds for the Baxter Family Housing Phase II Project, the adoption of FY2027 revised salary schedules, and the approval of a military loan modification for North Haven Communities, LLC. Additionally, the board will receive committee reports.

This Annual Action Plan for the State of Alaska details the allocation and use of federal and state funds for housing and community development during State Fiscal Year 2027. It outlines specific activities for HOME, CDBG, HTF, and ESG programs, identifying expected resources and program initiatives. The plan aims to provide decent housing, reduce and prevent homelessness, and foster community development, primarily benefiting low-income Alaskans and addressing housing and community development needs.

The board discussed and authorized the issuance of revenue bonds for the Coho Park and Chinook Apartments Project and state capital project bonds. Additionally, the board approved a resolution to hold public hearings regarding proposed updates to grant management regulations, focusing on modernizing procurement thresholds, records management, and administrative procedures to align with federal standards.

The January 28, 2026 meeting agenda included consideration of a resolution to approve the GOAL Program Rating and Award Criteria, also known as the Qualified Allocation Plan, for use with the Greater Opportunities for Affordable Living Program. Other items involved reports from the Chair, Board Committees (Audit Committee), and the Executive Director, as well as discussion of monthly reports and future meeting schedules. The agenda also called for an executive session regarding operational and personnel matters that might impact financial matters.