Alaska Administrative Code

To qualify for a loan under this section a borrower must meet the qualifications set by either FHA, HUD, RD, or VA as they pertain to income and other specific program requirements and all general borrower loan qualifications of the Corporation. Notes 15 AAC 152.310 Eff. 5/7/93, …

Properties securing loans under the program described in 15 AAC 152.300 must meet property requirements set by either FHA, HUD, RD, or VA, and must be located within eligible rural areas meeting the definition of small community under AS 18.56.600(2). Notes 15 AAC 152.320 Eff. 5/…

(a) No loan may exceed the limits established by RD, FHA, HUD, and VA for the specific program in which the applicant is applying for or the limit established by the Rural Housing Loan Program, whichever is the lower amount. (b) The loan-to-value ratio and loan amounts on first l…

Loans under the program described in 15 AAC 152.300 are assumable to qualified applicants upon written approval by the Corporation and in accordance with applicable requirements of FHA, HUD, RD, or VA. Notes 15 AAC 152.340 Eff. 5/7/93, Register 130; am 1/20/95, Register 133; am 6…

The decisions of the Corporation under this chapter are subject to appeal as provided, and subject to the procedures established, in 15 AAC 150.210. Notes 15 AAC 152.900 Eff. 5/7/93, Register 130 Authority:AS 18.56.088 State regulations are updated quarterly; we currently have tw…

(a) Unless otherwise provided in the regulations of the Corporation, the Corporation will charge a commitment fee with respect to a loan under this chapter as follows: (1) for a loan secured by property with one to four units, one-eighth percent of the initial principal amount of…

In addition to the terms provided at 15 AAC 150.900, the following terms have the following meanings for purposes of this chapter: (1) "economic life" means the estimated period over which any improvements on the property contribute to the value of the property; (2) "family" mean…

The Corporation will implement and administer the section 8 low rent housing program and other housing programs that obtain assistance from the federal government through HUD in accordance with the regulations of HUD. Notes 15 AAC 153.010 Eff. 5/7/93, Register 130 Authority:AS 18…

At least seven days before awarding a grant under this chapter or under a program described in 15 AAC 154.900, the Corporation will publish notice of the availability of money for the grant. Notes 15 AAC 154.010 Eff. 5/7/93, Register 130; am 5/14/97, Register 142 Authority:AS 18.…

The Corporation has the ability to temporarily or permanently, in its discretion, cease making grants and grant payments under any of the programs established in this chapter or described in 15 AAC 154.900 and the ability to temporarily or permanently suspend grants to particular…

If the Corporation determines that a grant recipient under any of the programs established in this chapter or described in 15 AAC 154.900 has made a material misstatement relating to that grant recipient's application for or administration of a grant, the Corporation will, in its…

Before awarding a grant under this chapter or under a program described in 15 AAC 154.900, the Corporation will enter into a grant agreement with the recipient of the grant. The grant agreement will include, but is not limited to, the following: (1) a statement of the intended us…

(a) The executive director will establish selection criteria and a selection procedure which will be detailed in the instructions to a grant application. (b) A grant application shall be on forms prescribed by the Corporation and shall include: (1) a resolution of the applicant's…

The Corporation will send a notice of tentative award for all grants to all grant applicants. An applicant may protest the tentative award selections under 15 AAC 150.220 and may appeal the decision of the Corporation as provided in 15 AAC 150.220. Notes 15 AAC 154.060 Eff. 5/7/9…

In connection with a grant under this chapter or under a program described in 15 AAC 154.900, the Corporation will require that a deed restriction on the title to the land benefited by the grant be recorded requiring approval from the Corporation for sale or transfer of the title…

If the Corporation awards a grant under this chapter or under a program described in 15 AAC 154.900 and all or part of the funding for the grant is derived from the federal government, the Corporation will comply with applicable regulations, law, or other guidelines related to th…

Any grant award for new construction of residential housing, funded from programs administered under 15 AAC 154.010 - 15 AAC 154.910, shall comply with 15 AAC 150.040 and 15 AAC 150.030, as applicable. For projects of 5 units or more, an inspection in accordance with 15 AAC 150.0…

When adequate funding is not available from other sources and the Corporation determines there is a critical need, the Corporation will award grants with money in the Senior Citizen Housing Development Fund to applicants meeting the requirements of AS 18.56.810(a) for developing …

In addition to the requirements established at 15 AAC 154.040, a grant agreement for a grant made under 15 AAC 154.100 - 15 AAC 154.110 will include a provision requiring the establishment of a repair and replacement fund to be used for such items as carpet replacement, painting,…

Senior citizen housing is housing meeting the definition of "housing for older persons" contained in 24 C.F.R. 100.300 - 308, as amended. Notes 15 AAC 154.120 Eff. 5/29/2002, Register 164; am 4/4/2007, Register 182 Authority:AS 18.56.088 AS 18.56.810 State regulations are updated…

Any housing development assisted with grant funds under this section, shall record a covenant to run with the land that binds the use of the property as senior housing for a minimum of 30 years or the length of time required by an accompanying loan or grant program, whichever is …

(a) When adequate funding is not available from other sources and the Corporation determines there is a need for affordable housing, the multifamily affordable housing development fund provides grants to applicants meeting the requirement of AS 18.56.650(a) for developing afforda…

A grant recipient shall submit a monthly report of expenditures and activities to the Corporation. After project completion, the project owner shall annually submit to the Corporation a copy of the five-year maintenance plan, a current audit of the project indicating the financia…

The Corporation will, in its discretion, make grants with money in the supplemental housing development fund for projects described in AS 18.55.998(b) to regional housing authorities for the costs of: (1) onsite sewer and water facilities; (2) road construction to project sites; …

The Corporation will, in its discretion, make a grant under 15 AAC 154.300 upon proof from a regional housing authority that it has: (1) obtained a federal loan or grant from HUD for a project described in AS 18.55.998(b); and (2) an audit required by AS 18.55.996(i) which indica…

(a) The Corporation will pay 95% of the grant funds for each eligible category described in 15 AAC 154.300 upon execution of the grant agreement and approval by the Corporation of the project work plan budget for that eligible category. The remaining five percent of the grant wil…

(a) The Corporation may assist municipalities, regional housing authorities, non-profit corporations and partnerships or joint ventures of any of the foregoing to meet the housing and supportive service needs of homeless and near-homeless persons. (b) Repealed 10/20/2009. (c) The…

An application for a homeless assistance program grant must include: (1) documentation of need for the project proposed; (2) a description of the applicant's experience in providing the proposed services; (3) a narrative plan describing the services the applicant intends to provi…

The Corporation will evaluate applications based on the following criteria: (1) the applicant's experience and qualifications; (2) the extent to which the applicant's proposal meets a legitimate housing or service need; (3) the extent to which the applicant's proposal coordinates…

Staff of the Corporation shall evaluate applications received under 15 AAC 154.410 and make a recommendation to the Executive Director. Whenever practicable, staff will establish a review committee to rate the applications and make a recommendation to the Executive Director/CEO. …

(a) A grantee may expend funds granted under a capital grant only for the purchase, construction or rehabilitation of emergency shelter or transitional housing facilities or for the purchase of furnishings or appliances for such facilities. (b) A grantee may expend funds under an…

(a) The Corporation will, in its discretion, make grants to a municipality, or to a nonprofit corporation designated by the municipality, to meet the emergency housing needs of homeless and near-homeless persons in an area declared to be a federal or state disaster area. The Corp…

For the purposes of 15 AAC 154.400 - 154.450 the following terms have the following meanings: (1) "administrative costs" means (A) salaries, wages and related costs for grantee staff whose primary responsibilities involve program administration, developing systems for ensuring co…

Except as provided in 15 AAC 154.705, 15 AAC 154.700 - 15 AAC 154.835 apply to all Corporation grants. Notes 15 AAC 154.700 Eff. 6/11/96, Register 139 Authority:AS 18.55.100 AS 18.56.088 State regulations are updated quarterly; we currently have two versions available. Below is a…

(a) If a state or federal regulation or law addresses a particular grant program and is inconsistent with a provision of 15 AAC 154.700 - 15 AAC 154.835, the state or federal law applies to that grant program in place of the inconsistent provision. (b) If the Corporation receives…

(a) A grantee shall have written policies relating to employee salaries and overtime, employee leave, use of consultants and consultant fees, training, conflict of interest and such other matters as the grantee determines or as the Corporation directs. The grantee shall apply the…

A grantee shall establish written uniform purchasing practices and procedures for the procurement of goods and services. The practices and procedures must be acceptable to the Corporation. Unless other purchasing requirements are made applicable by 15 AAC 154.705, the practices a…

(a) The grantee shall establish and maintain a financial management and accounting system that conforms to generally accepted accounting principles and complies with any applicable federal requirements. The grantee shall establish written financial management and accounting polic…

(a) If the grantee acquires an interest in real property with money received from the grant, the grantee must negotiate terms with the Corporation regarding ownership interests, property maintenance and property disposition. (b) Before the grantee may use money received from a gr…

(a) All program records relating to the grant project are the sole property of the Corporation. A grantee shall permit any representative of the Corporation to examine and make copies of all program records related to the grant at any time during regular business hours upon 24 ho…

A grantee shall submit to the Corporation, on forms specified by the Corporation, grant project performance reports and financial reports. The grantee shall submit the reports in accordance with the grant agreement or in accordance with written instructions delivered to the grant…

(a) The grantee shall comply with the audit requirements established by 2 AAC 45.010, and by any applicable federal requirements. The grantee shall provide the Corporation with a copy of any audit report conducted of the grantee's expenditure of grant funds within 30 days of its …

(a) The grantee may not assign or delegate the grant agreement or any part of it, or any right to monies paid under the grant agreement, without the written approval of the Corporation. Grant monies may not be used to directly or indirectly employ, award contracts to, or otherwis…

(a) The grantee shall perform the grant project in accordance with all applicable laws and regulations. The grantee must obtain any federal, state or municipal permit required for the performance of the grant project. The grantee must have a current Alaska business license if it …

(a) The benefits of the grant project shall be made available to all qualified persons without regard to race, religion, color, national origin, age, physical disability, sex, marital status, changes in marital status, pregnancy or parenthood. (b) The grantee may not discriminate…

In a grant program for which a federal or state law or regulation requires confidentiality, the grantee will establish procedures for preserving that confidentiality before the Corporation awards the grant. The Corporation will include the procedures as part of the terms of the g…

(a) Before changing the scope of work of a grant project from the terms of the grant award, a grantee must submit the proposed changes in writing to the Corporation for approval. The Corporation will notify the grantee of its decisions within 30 days after receipt of the proposed…

(a) Subject to (b) of this section, a grantee may reallocate money between budget categories within the total budget of the grant project to meet unanticipated expenditures necessary to the successful continuation or completion of the grant project, if the expenditures are author…

(a) A grantee shall not earn a profit on a Corporation grant. A grantee may use money received from a grant only to pay a cost described in this section. A grantee may make a payment under this section only: (1) in accordance with the limitations established in this section; (2) …

(a) A grantee that is the recipient of other grants or has income from other sources must submit to the Corporation a cost allocation plan which fairly allocates shared costs between the grant project and non-grant activities. (b) The cost allocation plan shall provide for the al…