Bristol Bay Housing Authority (BBHA) Market Research Report

Background

Overview

The Bristol Bay Housing Authority (BBHA) is a regional housing authority established in 1974, dedicated to providing safe, decent, and affordable housing for the Native population of the Bristol Bay region in Alaska. As one of sixteen regional housing authorities in Alaska, BBHA has developed over 500 housing units, including single-family homes and apartments, with funding from the U.S. Department of Housing and Urban Development's Office of Native American Programs and the Alaska Housing Finance Corporation.

Mission and Vision

BBHA's mission is to eliminate substandard housing conditions by developing local capacities to provide safe, decent, and affordable housing opportunities for the Native population of Bristol Bay.

Primary Area of Focus

BBHA focuses on addressing housing needs in the Bristol Bay region, encompassing 32 communities in Alaska's Bristol Bay area.

Industry Significance

As a regional housing authority, BBHA plays a crucial role in improving housing conditions and promoting community development within the Bristol Bay region, contributing to the overall well-being and economic stability of its residents.

Key Strategic Focus

Core Objectives

Eliminate substandard housing conditions.

Develop local capacities to provide safe, decent, and affordable housing.

Serve the Native population of Bristol Bay.

Specific Areas of Specialization

Construction and rehabilitation of single-family homes and apartments.

Provision of weatherization and housing rehabilitation assistance.

Management of low-income housing tax credit apartments and senior housing units.

Key Technologies Utilized

BBHA employs construction and rehabilitation technologies suitable for the Alaskan environment, focusing on energy efficiency and sustainability.

Primary Markets or Conditions Targeted

BBHA primarily targets the housing needs of the Native population in the Bristol Bay region, addressing challenges such as substandard housing and limited access to affordable housing options.

Financials and Funding

Funding History

BBHA has received funding from the U.S. Department of Housing and Urban Development's Office of Native American Programs and the Alaska Housing Finance Corporation.

Total Funds Raised

Specific figures regarding total funds raised are not publicly disclosed.

Recent Funding Rounds

Details about recent funding rounds are not publicly available.

Notable Investors

As a public housing authority, BBHA's funding primarily comes from federal and state agencies rather than private investors.

Intended Utilization of Capital

Capital is utilized for the construction, rehabilitation, and management of affordable housing units, as well as for providing weatherization and housing rehabilitation assistance to residents.

Pipeline Development

Key Pipeline Candidates

BBHA focuses on developing and rehabilitating housing units for the Native population in the Bristol Bay region.

Stages of Clinical Trials or Product Development

As a housing authority, BBHA does not engage in clinical trials or product development.

Target Conditions

BBHA addresses housing conditions, aiming to eliminate substandard housing and provide affordable housing options.

Relevant Timelines for Anticipated Milestones

Specific timelines for upcoming projects are not publicly disclosed.

Technological Platform and Innovation

Proprietary Technologies

BBHA utilizes construction and rehabilitation technologies tailored to the Alaskan environment, focusing on energy efficiency and sustainability.

Significant Scientific Methods

BBHA employs weatherization techniques to improve energy efficiency in housing units.

Leadership Team

Executive Profiles

Kevin Tennyson: Executive Director.

Emil Larson: Deputy Director.

Hans Reed: Weatherization Director.

Nina Johnson: Housing Manager.

Jennifer Havier: Housing Specialist.

Amanda Tragmoe: Chief Financial Officer.

Irina Golia: Housing Specialist.

Leilani Andrews: Accountant.

Maria Geiger: Accounts Payable.

Deserie Bond: Receptionist.

Amanda Baisch: Tribal Development Director.

Kevin Matthew Tennyson: EWX/MOD Field Assistant.

Travis Krause: Area Wide Coordinator.

Professional Backgrounds and Key Contributions

Detailed professional backgrounds and key contributions of the leadership team are not publicly disclosed.

Competitor Profile

Market Insights and Dynamics

The affordable housing market in Alaska faces challenges such as limited availability of housing units, high construction costs, and the need for energy-efficient solutions suitable for the Alaskan climate.

Competitor Analysis

BBHA operates in a region with limited competition, as it is one of the primary providers of affordable housing in the Bristol Bay area. Other regional housing authorities in Alaska include the Aleutian Housing Authority and the Bering Straits Regional Housing Authority.

Strategic Collaborations and Partnerships

Significant Collaborations

BBHA collaborates with the U.S. Department of Housing and Urban Development's Office of Native American Programs and the Alaska Housing Finance Corporation to secure funding and resources for housing projects.

Partnerships

BBHA partners with local communities and organizations to address housing needs and promote community development.

Operational Insights

Strategic Considerations

BBHA focuses on addressing the unique housing challenges of the Bristol Bay region, including geographic isolation and harsh environmental conditions.

Market Position

BBHA holds a significant position as a primary provider of affordable housing in the Bristol Bay region, with limited direct competition.

Competitive Advantages

BBHA's deep understanding of local needs, established relationships with federal and state agencies, and experience in constructing and rehabilitating housing units in the Alaskan environment provide a competitive edge.

Strategic Opportunities and Future Directions

Strategic Roadmap

BBHA aims to continue expanding its housing portfolio, focusing on energy-efficient and sustainable construction methods tailored to the Alaskan climate.

Future Business Directions

BBHA plans to enhance community engagement and explore additional funding opportunities to support housing development and rehabilitation projects.

Opportunities for Expansion

BBHA may consider expanding its services to include additional communities within the Bristol Bay region and exploring partnerships with private entities to increase housing availability.

Positioning for Future Objectives

BBHA's established reputation, strategic partnerships, and focus on community needs position it well to achieve its future objectives in providing affordable housing solutions.