Work on Adjacent Senior Housing Project,
Kenai Meadows, To Begin This Summer
KENAI – Kenai Peninsula Housing Initiatives (KPHI) announced the completion of its first housing project in Kenai today. Clear Pointe Apartments, located at 2390 Redoubt Avenue, is a two-story, six-plex that includes one-, two- and three-bedroom apartments. The new apartments will be rented to Alaskans who earn no more than 60 percent of the Area Median Income (AMI). Depending on income, size of family and the size of the apartment, rents will run from $684 a month to $1,150 per month.
“This is our first project in Kenai, and it would not have been possible without the generous donation of land from the City of Kenai and our many partners who helped to provide innovative design and financing options,” said Steven Rouse, executive director of KPHI.
A market study KPHI commissioned prior to building Clear Pointe shows that there is a real need for housing to serve modest to low-income residents in Kenai. Three of the apartments are equipped to accommodate individuals with sensory or mobility impairments.One unit is restricted to a household with a physical or mental disability. Priority for renting will be given to veterans, the homeless or those on the public housing wait list. Each unit is equipped with an in-unit washer/dryer, a dishwasher and an outdoor storage area for each tenant. The building has a 5-Star+ energy rating and will soon have a nearby playground area for families.
Development funding for Clear Pointe was provided through the Alaska Housing Finance Corporation’s (AHFC’s) GOAL Program and by a grant from the Rasmuson Foundation. Local businesses involved in the project include Bezeck, Durst Seiser Architects and Planners of Anchorage for design, Nelson Engineering of Kenai for civil and structural engineering, Central Alaska Engineering Company of Soldotna for mechanical and electrical engineering and Sundance Construction Company of Kasilof for construction.
In addition to announcing the completion of Clear Pointe, KPHI also announced today that it has completed the transfer of land just east of Clear Pointe and has applied for a conditional use permit to begin building the first phase of Kenai Meadows, a six-unit senior housing project. Construction is expected to begin this June and be completed by February 2019. That development will provide two, one-bedroom apartments and four, two-bedroom apartments with accommodations for mobility and sensory impairments. One of the senior housing apartments will be income restricted for an individual or couple who only earns 30 percent of the AMI.
For the last 20 years, KPHI has been providing low-income, senior and special needs housing to residents of the Kenai Peninsula. KPHI currently manages more than 100 units of affordable housing in Homer, Seward, Soldotna, Ninilchik and now Kenai. KPHI also will complete another housing project in Homer, Crane Hill, this summer. Learn more at www.KPHI.net.