Volunteers ready to sell house custom-built for disabled
AHI: Group places home in price range of moderate- to low-income families.

The media was given a tour Friday of the new home built by Anchorage Housing Initiatives Inc. in Mountain View. The demonstration project is designed to determine if there's a need for a bigger government-funded housing program for low- to moderate-income disabled people in Anchorage. (Photo by Bob Hallinen / Anchorage Daily News)

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Click on photo to enlarge

By Richard Richtmyer
Anchorage Daily News

(Published: December 28, 2002)
A volunteer group aiming to increase the amount of housing available to middle-income disabled people in Anchorage has completed construction of a custom-built house and is putting it up for sale this weekend.

The single-family house at 129 Hoyt St. in Mountain View is the first of three that Anchorage Housing Initiatives Inc. plans to build and sell in the next year. It's part of a demonstration project designed to determine if there is a need for a larger government-funded program for low- to moderate-income disabled people in Anchorage.

AHI, which is composed of a volunteer board of directors, received a $278,000 federal grant to fund the three-house project, some of which has been earmarked to provide financing.

"People who may qualify for this probably don't know they can afford a home," said Shannon Wilks, AHI board president.

The one-story house is 1,368 square feet, has three bedrooms and two baths. Its special design features include wheelchair ramps at all the entrances, wider than normal doors and hallways, and wheelchair accessible kitchen and bathroom fixtures.

J&K Construction was the general contractor, working from plans by architecture firm Blind Monkey Design. Both firms provided their services at cost, according to Wilks.

Bates & Associates is the real estate agent, listing the house at $165,000. However, AHI is using its grant funds to provide a no-interest, "silent" second mortgage of up to $70,000 in case the buyer can't readily qualify for the full loan.

The second mortgage does not have to be repaid unless the homeowner defaults on the first mortgage or, during the first 15 years of ownership, sells the house to someone who does not meet the program's guidelines or is no longer occupying it.

To be eligible to buy the home, the purchasing family's income must be no more than 80 percent of the median income in Anchorage. For a family of four, that's $48,400 or less. The purchasers must be able to qualify for the mortgage, and at least one must be disabled and live independently.

Established in 1994, AHI so far has targeted its efforts at people who are at 60 percent or less of the median income in Anchorage.

Some of the projects it has been involved in include the Hilltop Park Apartments downtown and the Access Apartments in South Anchorage. Those are low income tax credit housing projects for which AHI helped provide financing and now manages and operates.

Reporter Richard Richtmyer can be reached at rrichtmyer@adn.com or 907-257-4344.


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Who qualifies?

To qualify for the AHI's program, your combined income must be no more than 80 percent of the median income in Anchorage, which is $48,400 or less for a family of four. One of the purchasers must be disabled and you must qualify for a mortgage loan. For information on how to apply, call Anchorage Neighborhood Housing Services at 677-8490.

Where's the house?

The house is at 129 Hoyt St. in Mountain View. From Mountain View Drive, turn on to North Bunn Street, left on to Peterkin Avenue, then left on Hoyt. Bates & Associates, the real estate agent, is hosting an open house today from noon to 3 p.m.





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