Title 18, Health, Safety, Housing, Human Rights, and Public Defender

For purposes of AS 18.55.100 — 18.55.290, the corporation shall manage and operate housing for low-income households with rentals fixed at the lowest rates consistent with decent, safe, and sanitary dwellings.

(a) In the operation or management of housing for low-income households, the corporation shall, from time to time, establish rents and requirements for admission of tenants to its housing in each municipality in which the housing of the corporation is located. (b) Except in the c…

The corporation may issue bonds and notes from time to time in its discretion for a purpose authorized by this chapter and may issue refunding bonds for the purpose of paying or retiring bonds previously issued under this chapter.

(a) In conjunction with projects authorized by this chapter, the corporation may issue bonds, including bonds on which the principal and interest are payable (1) exclusively from the income and revenue of the housing project financed with the proceeds of the bonds; (2) exclusivel…

(a) The members of the board of directors of the corporation and any person executing the bonds issued under AS 18.55.100 — 18.55.290 are not liable personally on the bonds by reason of their issuance. (b) The bonds of the corporation issued under AS 18.55.100 — 18.55.290 are not…

Bonds and other obligations of the corporation issued under AS 18.55.100 — 18.55.290 are declared to be issued for an essential public and governmental purpose and are public instrumentalities and, together with interest on them and income from them, are exempt from taxes.

Bonds and notes of the corporation issued under AS 18.55.100 — 18.55.290 are authorized by adoption of a resolution prescribing the date of issuance and maturity, interest rate, denomination, form, conversion privilege, rank or priority, execution, terms of redemption, medium and…

In negotiating the private sale of bonds or bond anticipation notes to an underwriter when that sale is authorized by AS 18.55.100 — 18.55.290, the corporation shall retain a financial advisor who is independent from the underwriter. The financial advisor may not bid on the bonds…

When authorized by AS 18.55.100 — 18.55.290, in connection with the issuance of bonds or the incurring of obligations under leases and in order to secure the payment of bonds or lease obligations, the corporation, in addition to its other powers, may (1) pledge all or a part of i…

An obligee of the corporation may, in addition to all other rights that may be conferred by AS 18.55.100 — 18.55.290 and subject only to contractual restriction binding upon the obligee, seek an injunction or an action in the nature of an action for mandamus against the members o…

In conjunction with the exercise of a power authorized by AS 18.55.100 — 18.55.290, the corporation may, by resolution, trust indenture, mortgage, lease, or other contract, confer upon an obligee holding or representing a specified amount in bonds, or holding a lease, the right u…

In conjunction with the exercise of a power authorized by AS 18.55.100 — 18.55.290, the real property of the corporation is exempt from levy and sale by execution. Execution or other judicial process may not issue against it and judgment against the corporation may not be a charg…

The corporation may borrow, accept contributions, grants, or other financial assistance from the federal government in aid of any housing or public building project and for this purpose may comply with conditions and enter into the mortgages, trust indentures, leases, or agreemen…

The property owned by the corporation under the authority granted in AS 18.55.100 — 18.55.290 is public property used for essential public and governmental purposes, and is exempt from all taxes and special assessments of a municipality, the state, or a political subdivision of t…

(a) In conjunction with the exercise of a power authorized by AS 18.55.100 — 18.55.290, the corporation may convey real or personal property that it determines is in excess of its needs. Except as provided in (b) and (c) of this section, the sale shall be by public auction or by …

Bonds of the corporation that are issued under AS 18.55.100 — 18.55.290 are legal and proper investments and security for public and private banking, insurance, and trust funds.

The corporation shall make recommendations for legislation or other action it considers necessary to carry out the purposes of AS 18.55.100 — 18.55.290.

(a) In conjunction with the exercise by the corporation of a power authorized by AS 18.55.100 — 18.55.290, a public body, officer, or agency of the state may (1) lend or donate money or property to the corporation; (2) cooperate with it in the planning, construction, or operation…

In AS 18.55.010 — 18.55.290, (1) “corporation” means the Alaska Housing Finance Corporation; (2) “project site” means area devoted for a housing project; (3) “public building” means a publicly owned structure leased to the state for governmental, public, or educational use.

AS 18.55.010 — 18.55.290 may be cited as the Housing Project and Public Building Assistance Act.

The legislature declares that in addition to an acute shortage of low-income rental housing there is a serious shortage of moderate-cost and rental housing for families of the state, endangering their health and constituting a menace to the health, safety, morals, welfare, and co…

The corporation shall construct, protect, operate, maintain, rent, and sell at the places in the state that it considers most appropriate moderate-cost or rental housing facilities and projects for veterans and other residents of the state. For this purpose the corporation may ac…

(a) The corporation may sell a property held by it under AS 18.55.300 — 18.55.470 that it finds is in excess of its needs. The sale shall be by public auction or by sealed bids at a price not lower than the fair market value determined by an appraisal made within 180 days of the …

The corporation shall initially offer 50 percent of the dwelling units in a housing project held by it under AS 18.55.300 — 18.55.470 for rent or sale to veterans. The offer shall be by publication of reasonable notice in a newspaper circulated in the area in which the housing pr…

The corporation has control over and is responsible for the care, operation, maintenance, and rental or sale of the housing held by it under AS 18.55.300 — 18.55.470. It may enter into appropriate arrangements for carrying out this responsibility and for safeguarding the interest…

The corporation shall make the housing units held by it under AS 18.55.300 — 18.55.470 available for rental to eligible persons upon application in the form it prescribes, and at the moderate rentals that it considers proper, or for sale at the prices and subject to the terms and…

Money appropriated or made available under AS 18.55.300 — 18.55.470 may be used by the corporation to make (1) character loans, not exceeding $500 for each dwelling, to residents or cooperatives for the improvement, conversion, or construction of dwellings in remote areas for occ…

The corporation may invoke a power given to it under any statute, including the powers of eminent domain and those relating to the issuance of bonds and obligations with respect to a project undertaken or loan made or to be made under the authorization provided in AS 18.55.300 — …

The power of the corporation to act under AS 18.55.300 — 18.55.470 is limited to projects in which adequate financing on reasonable terms is not otherwise available or entrepreneurial sponsorship is lacking.

The corporation may spend the portion of the money appropriated under AS 18.55.300 — 18.55.470 that it considers advisable, either directly or in cooperation with educational institutions or government agencies, to develop, through study, research, and analysis, information regar…

The corporation may at any time sell, transfer, or otherwise dispose of a housing project under AS 18.55.300 — 18.55.470 to the federal government, provided the corporation is completely relieved of all obligations assumed or guaranteed by it in connection with the housing projec…

The corporation may (1) adopt and enforce reasonable rules and regulations under AS 18.56.088 to carry out the purposes of AS 18.55.300 — 18.55.470; and (2) determine the allocation of dwelling units and projects constructed in a municipality on the basis of the municipality's po…

For the purpose of carrying out AS 18.55.300 — 18.55.470, the corporation may acquire by purchase, lease, condemnation, or otherwise, (1) land and appurtenances to land necessary or desirable for the establishment, construction, and operation of moderate cost and moderate rental …

The corporation may accept land, a building, property, or equipment that is available from an executive department, independent establishment or agency of the federal government or the state, or a municipality, for the purpose of carrying out AS 18.55.300 — 18.55.470.

In planning, designing, and constructing projects under AS 18.55.300 — 18.55.470, the corporation shall use professional and contractor services of state residents as far as practicable and shall encourage the use of local building materials.

In AS 18.55.300 — 18.55.470, (1) “corporation” means the Alaska Housing Finance Corporation; (2) “moderate cost” means a cost determined by the corporation that is below the level at which private enterprise is currently building a needed volume of reasonably safe and sanitary dw…

The legislature finds and declares that (1) slum and blighted areas exist in localities throughout the state and they constitute a serious and growing menace, injurious and inimical to the public health, safety, morals, and welfare of the residents of the state; (2) the existence…

It is the intent of the legislature in AS 18.55.480 — 18.55.960 to take advantage of 42 U.S.C. 1441 — 1469c (Title I of the Housing Act of 1949 (P.L. 81-171; 63 Stat. 413)), as amended.

(a) A member of the board of directors or employee of the corporation may not voluntarily acquire an interest, direct or indirect, in a redevelopment project or in property included or planned by the corporation to be included in a redevelopment project, or in a contract or propo…

(a) The corporation may not transact business or exercise its powers under AS 18.55.480 — 18.55.960 in a municipality until the governing body approves by resolution the exercise in the municipality of the powers, functions, and duties of the corporation under AS 18.55.480 — 18.5…

In addition to all powers previously vested in or granted to the corporation by any other law, the corporation has all the powers necessary or convenient to carry out and effectuate the purposes and provisions of AS 18.55.480 — 18.55.960, including the following powers: (1) to pr…

(a) A neighborhood development project, as undertaken and administered by the corporation, shall consist of urban renewal project undertakings and activities in one or more urban renewal areas that are planned and carried out on the basis of annual increments in accordance with 4…

(a) Except as provided in AS 18.55.520(11), the corporation may not acquire real property for a redevelopment project unless the governing body of the municipality has approved the redevelopment plan, as prescribed in (i) of this section. (b) The corporation may not prepare a red…

(a) The corporation may sell, lease, exchange, or otherwise transfer real property or any interest in real property in a redevelopment project area to a redeveloper for residential, recreational, commercial, industrial, or other uses, or for public use in accordance with the rede…

(a) The corporation may (1) acquire by eminent domain real property that it considers necessary within the boundaries of the redevelopment project or for its purposes under AS 18.55.480 — 18.55.960 after the adoption by it of a resolution declaring that the acquisition of the rea…

Upon a determination, by resolution, of the governing body of the municipality that the acquisition and development of undeveloped vacant land not within a slum or blighted area is essential to the proper clearance or redevelopment of a slum or blighted area or a necessary part o…