CIRI-affiliated nonprofits partner on senior housing project
During an Oct. 6 visit to Anchorage, U.S. Department of Housing and Urban Development (HUD) Secretary Julian Castro announced that Alaska Native groups and communities would receive nearly $7 million for housing and development projects.
Among the recipients is Cook Inlet Tribal Council (CITC), which was awarded $600,000.
CITC will use these funds to purchase property for a senior housing project in East Anchorage. Along with project partner Cook Inlet Housing Authority (CIHA), CITC plans to develop a mixed-use building with 23 senior housing units on its upper level and 7,000 square feet of retail space on its ground floor.
Anchorage’s rental vacancies are some of the lowest in the nation, fluctuating between two and three percent. With spiking rental prices and a demand for multifamily units and senior housing, CITC and CIHA are working together to create more, and better, housing opportunities for Anchorage residents.
“We know that affordable housing is probably our greatest challenge to overcome in Anchorage today,” CITC President and CEO Gloria O’Neill said at the press conference announcing the grants. “CITC is very grateful that we could play a small piece in it all.”