In September 2020, Alaska Housing Finance Corporation (AHFC) will announce a Notice of Funding Availability (NOFA) for a Rural Demonstration round under its Greater Opportunity for Affordable Living (GOAL) program. Under this NOFA, AHFC will make grants, zero-interest loans and LIHTCs available for competitive allocation to successful pre-application respondents to construct new rental housing in small communities off the Alaska road system. For eligibility to apply for GOAL Program funds, all applicants are required to submit a Pre-Application to AHFC through an online application system.
Application for GOAL funding is a sequential three-step process. Applicants must (1) register for the online application system, (2) submit a Pre-Application using the online application system and (3) submit a GOAL Application using the online application system. This Notice contains requirements and deadlines for Steps (1) and (2). Applicants will NOT be eligible to apply for GOAL funding unless they first meet both deadlines for Steps (1) and (2).
Step (1): To submit preliminary applications through the online system, AHFC must receive Registration Requests for the online system by 4:30 pm (Anchorage time) on July 2, 2020.
Step (2): Completed pre-applications must be submitted through the online application system by 4:30 pm (Anchorage time) on July 17, 2020.
The preliminary application will, in part, provide sufficient information for AHFC to determine if the project proposal meets the minimum criteria for invitation into the full state fiscal year (SFY) 2021 GOAL Rural Demonstration competition. A full list of items that will be reviewed during the pre-application is available in the GOAL Program Rating and Award Criteria. The full SFY 2021 GOAL Rural Demonstration application, to be submitted in the Fall of 2020, will address other aspects of the proposed development in greater detail. These additional aspects are outlined in the GOAL Program Rating and Award Criteria. Supporting information on all of these components will be submitted in the full GOAL application.
The deadline to submit Registration Requests for the online application system is 4:30 pm (Anchorage time) on July 2, 2020. All pre-applicants must submit a Registration Request for access to the online application system by this deadline.
AHFC will hold a SFY 2021 GOAL pre-application teleconference at 3:00 pm (Anchorage Time) on July 1. Dial 1-877-668-4493 and code 145-617-4787 to join the call.