History

History

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. In 2002, KPHI earned recognition as a Community Housing Development Organization (CHDO) and purchased a HUD foreclosed home for $10. With CHDO status KPHI received a five-year operating grant which enabled the hiring of KPHIs' first staff in March of 2003. The first development undertaken was the renovation of the single-family home and subsequent sale to a low-income family. Simultaneously, KPHI submitted its first development grant application. Funding for a long desired supportive housing project in Homer was secured and the project was completed in December 2004.
 
Starting in 2003, under the guidance of an active Board of Directors representing all districts of the Kenai Peninsula, and leadership of a highly accomplished staff, KPHI has successfully developed, owns, and manages 110 units of affordable housing. KPHI currently has roughly 20 million dollars in assets in its portfolio. Additionally, KPHI acquired 5 single family homes from foreclosure, remodeled and returned to property tax rolls by selling to low income families under the Neighborhood Stabilization Program. 
 
KPHI has also provided program leadership in other areas. After assuming management of the southern Kenai Peninsula homeless prevention program (HPP) 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 managed HPP 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 to support a successful continuum of affordable housing on the Kenai Peninsula.

Share by: