Senior Citizens Housing Development Fund (SCHDF)
Forecasted
Senior Citizens Housing Development Fund (SCHDF) supports senior housing developers and project sponsors with rental development and home modifications to expand housing and improve accessibility.
Funder: Alaska Housing Finance Corporation
Due Dates (Anticipated): December 2026 (Full application) | July 2027 (Pre-application)
Funding Amounts: GOAL: single-project requests capped at 50% of available SCHDF funding; SAP: annually determined cap
Summary: Supports senior housing development and accessibility modifications through GOAL and the Senior Access Program.
Key Information: SCHDF recipients are limited to municipalities and qualifying tax-exempt nonprofit corporations, despite broader GOAL eligibility.
Description
The Senior Citizens Housing Development Fund (SCHDF), administered by Alaska Housing Finance Corporation (AHFC), funds senior citizen housing through two programs. Greater Opportunities for Affordable Living (GOAL) supports developers and project sponsors building affordable rental housing for low- to moderate-income families and seniors. SCHDF is one funding source within GOAL’s combined application process, alongside federal housing tax credits and other housing funds.
The Senior Access Program (SAP) supports accessibility modifications to existing housing, including ramps and shower grab bars. Together, these programs support both housing development and improvements to homes already in use. GOAL priorities include demonstrated local housing need, capable development teams, financial feasibility, energy efficiency, leveraging other resources, and housing for special-needs populations.
