Alaskan communities need more economic development tools. The growth in successful communities across America has been driven by innovative lending programs and tax incentives. These tools help private developers to execute projects and allows communities to benefit from local economic developments and increase their tax base.
At ACDA we have begun an advocacy effort to encourage state policy makers to become more engaged in mobilizing state economic development agencies to do more to assist in local development. Currently Alaska has three existing economic development agencies that could be doing more to foster community development. AIDEA, AHFC AND AEA can all play a key role in providing local communities with tools to stimulate economic development while helping Alaskan communities grow their local tax base.
Here are the three main providers of RFP listings in Anchorage. List your project and have a look at what others are up to:
Learn about property tax incentives available in Anchorage.Why Anchorage Needs Tax Incentives to Grow!Downtown Housing Tax IncentiveMOA Property Tax ExemptionsCPACE FinancingFairview/East Anchorage Downtown Revitalization Area
A Federal program designed to drive long-term capital to distressed communities within the State of Alaska and Anchorage.Anchorage Opportunity Zone MapsSummary Slides from National Development CouncilState Of AlaskaIRSCDFI
Anchorage now incentivizes construction of ADUs. Learn more about these incentives for home buyers and developers.25.05.070 ADU CodeADU FlyerDowntown Housing Incentive Ordinance
The Municipality of Anchorage, State of Alaska and the Federal Government offer a number of programs that aid in redevelopment of land and housing construction, as well as re-developmentMOA - Brownfields ProgramHUD 221(d)(4) Mortgage Loans for Multi-Family HousingNew Market Tax Credits & Alaska Growth Capital