NeigborWorks Alaska led “Spenard in Motion,” a comprehensive initiative to transform Spenard Road. We invested millions of dollars in commercial lending to businesses along the corridor; to beautification programs for new fences, driveway paving, landscaping, and freshly painting homes; to rehabbing exiting housing and apartments, our team did it all!
- In just two years, NWAK made 171 loans to Spenard residents totaling $1,750,000!
- Overall, this sparked $34,126,521 of private funds into Spenard through our own and conventional loans for rehabilitation and new construction efforts—including the Spenard Recreation Center and road improvements.