To bolster the availability and access to affordable rentals in the city, Fairbanks Neighborhood Housing Services (FNHS) has launched a new program to rehabilitate older or vacant properties.

Nadine Winters, FNHS’s executive director, said the organization received $2 million in funding from the U.S. Department of Housing and Urban Development and the Rasmuson Foundation. The program will provide grants of up to $50,000 to owners of vacant or blighted properties.

“The hope is we can take care of two things: get quality rentals on the market and take care of some of the vacant or blighted properties in the city,” Winters told the News-Miner.

The grant program can assist owners with necessary repairs to place units back on the rental market or create new rental units within an existing st

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