$40 Million Funding Partnership to Address Homelessness in Anchorage

$40 Million Funding Partnership to Address Homelessness in Anchorage

The Rasmuson Foundation, in partnership with Alaska's largest healthcare provider, private insurer, and real estate management company, has announced a $40 million effort to address homelessness in Anchorage.

Commitments in support of the effort include $10 million over three years from the foundation, $5 million over three years from Premera Blue Cross Blue Shield of Alaska, $15 million over five years from Providence Health & Services Alaska, and $10 million over five years from Weidner Apartment Homes. Guided by the Anchored Home plan framework, the partnership will fund new tools and leverage existing resources to boost the capacity of shelters, meal programs, and case management service providers in the city and will coordinate key investments by city government and local nonprofits to ensure that those investments target gaps in services.

In addition to the municipality, other key partners include the Anchorage Coalition to End Homelessness, the United Way of Anchorage, the Alaska Housing Finance Corp., and the Alaska Mental Health Trust Authority.

"We are in this together with our public and nonprofit partners, who already are running shelters, working with street youth, and sending teams into homeless camps," said Rasmuson Foundation president and CEO Diane Kaplan. "We still need government dollars, but on top of that we can provide new funding streams to create a path out of homelessness for everyone. After a challenging summer, we now have a stable base of state funding for the coming year. These private investments wouldn't be possible without it."