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In the mid 1990’s, the communities of Kenai, Soldotna and Homer participated in a series of meetings called “Healthy Communities” where, with consultants, each community broadly defined their quality of life issues. Consistently throughout this process, the severe lack of safe affordable housing emerged as a significant community and economic development issue. This led community and business leaders to collaborate on solutions. As a result, KPHI was formed — a private non-profit with the mission to alleviate the critical need for affordable housing across the entire Kenai Peninsula. 

Early on, KPHI provided information, referrals, and advocacy. Over time KPHI’s capacity increased to where in 2000 it undertook its first development project, renovating a HUD repossessed home in Soldotna which was sold to a low-income qualifying family. In 2002, KPHI earned recognition as a Community Housing Development Organization (CHDO) and received its first development grant for a special needs housing project in Homer. With CHDO status and a record of successful projects, KPHI received a five-year operating grant which enabled the hiring of KPHI’s first staff in 2003. 
Since the origin of KPHI, under the leadership of an active Board of Directors representing all districts of the Kenai Peninsula, and with the commitment of a highly accomplished staff, KPHI has successfully developed, owns, and manages over 100 units of affordable housing. KPHI currently has roughly 10 million dollars in assets in its portfolio. Additionally, KPHI acquired 5 single family homes from foreclosure, remolded 4 and returned to property tax rolls by selling to low income families under the Neighborhood Stabilization Program. 
After assuming management of homeless prevention program and applying strict guidelines and reporting protocols, the program attracted funds that allowed KPHI to assist over 300 individuals annually to maintain their housing KPHI from 2008- mid 2012. In October of 2012 KPHI transferred the program to Haven House secure in knowing the program was financially strong and under capable new administration. 
KPHI continues to work on new initiatives aimed at filling holes in the continuum of housing on the Kenai Peninsula.