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Real Estate Department

What We Do

The Real Estate Department (RED) manages municipally owned property, and may assign management authority of municipal property to the department that uses it.  For instance, management authority of parks and ball fields may be assigned to the Parks & Recreation Department. 

There are two divisions of RED:  Real Estate Services and Heritage Land Bank.  Each division operates under rules set by the Anchorage Municipal Code (AMC).

 The HLB Mission

The Heritage Land Bank (HLB) division manages uncommitted municipally owned land in the HLB inventory and the HLB Fund in a manner designed to benefit the present and future citizens of Anchorage, promote orderly development, and achieve the goals of the Comprehensive Plan.  The HLB achieves this mission by inventorying and managing HLB land and resources with the goal of eventually benefitting a variety of municipal purposes that in turn benefit our local population. The HLB does not manage all municipal land; only parcels in the HLB inventory.  The Anchorage Community Development Authority (ACDA) also manages parcels in its own inventory.  The Real Estate Services Division manages all other municipally owned properties. The Heritage Land Bank land base currently consists of approximately 10,000 acres distributed between Chugiak and Girdwood, with about half its acreage (approximately 5,000 acres) in the Girdwood Valley. The inventory includes parcels zoned residential, commercial, industrial, and open space areas. The HLB Advisory Commission (HLBAC) oversees the operation of the HLB and the HLB Fund. 

For information on the Real Estate Services Division and the properties it manages for the Municipality please click on the "Real Estate Services" link in the left-hand margin. 

We look forward to serving you - Thank you!

Land and Resource Inventory

All land and resources managed by the HLB are included in the HLB Land Inventory, and held in reserve for future use. Lands transferred to the Municipality from the State of Alaska (under the Municipal Entitlement Act) are added to the inventory. This inventory is regularly updated and available online by using the "Mapping Application".

Land Management

HLB land management seeks to preserve and enhance the value of its inventory. The HLB does not manage all municipal land but oversees only those parcels in its inventory. HLB management practices are governed by the Anchorage Municipal Code (AMC 25.40). The code requires the adoption by the Anchorage Assembly of an Annual Work Plan, a Five-Year Management Plan, and policies and procedures which cover the management of the inventory and the HLB Fund.

Land Disposals and Transfer

Land is held in the inventory for future municipal use, but may be withdrawn from the inventory and transferred to other municipal agencies if it is needed for the location of public facilities or other municipal purposes (schools, dedicated and designated parks, and open space).  This can only be done through approval of an Assembly Ordinance following at least one public hearing. 

If HLB land is determined excess to specific public facilities or other municipal purposes, it may be subject to land disposal from the Municipality. Land disposal activities include: land sales, land exchanges, leases or easements. The HLB also issues permits for a variety of temporary use activities on HLB land.  These disposals also require approval of an Assembly Ordinance following a recommendation by the HLB Commission at a public hearing, followed by another public hearing before the Assembly for approval of an ordinance.

HLB Information

For general information on current HLB activities, please check out our links in the left column, or email the Heritage Land Bank office or call: 343-7533.

Public Notice And Hearing Procedures 

Public notice procedures follow AMC Section 25.40.030. Public notice for the disposal or any other changes to a parcel's status in the HLB inventory must precede a public hearing by at least 14 days. 

Public notice is accomplished by:

  • publishing at least two weeks in advance of the meeting date on the MOA Public Notices web pages.
  • posting a sign on the land for the proposed action
  • mailing individual notice to all property owners within 500 feet of the outer boundary of the affected HLB parcel or  to a minimum of 50 property owners nearest the outer boundary of the HLB (whichever is greater).
  • notifying the Community Council within which the affected HLB land is located
  • notifying all persons requesting general notice of proposed HLB land management activities, either by mail or e-mail. 
    • Real Estate Department
    • Executive Director: Tammy R. Oswald
    • 4700 Elmore Road, 2nd floor, Anchorage, AK 99507
    • 907 343-7533