Title 18 — Health, Safety, Housing, Human Rights, and Public Defender
43 chapters · 1,022 sections in this title.
AS 18.56.200 Annual report.
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(a) The corporation shall prepare and transmit annually a report accounting to the governor for the efficient discharge of all responsibility assigned by law or by directive to the corporation. The corporation shall notify the legislature that the report is available. (b) By Janu…
AS 18.56.205 Residential mortgage assistance for members of the Alaska delegation to Congress.
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The corporation may extend the special mortgage loan purchase program under AS 18.56.098 to purchase a mortgage loan made for the purchase or rehabilitation of a residence located in the District of Columbia or within 50 miles of the District of Columbia to a member of the United…
AS 18.56.210 Market stabilization powers.
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(a) If the board determines that it is in the best interest of the corporation, the corporation may take appropriate action under this section to stabilize the market price of and demand for residential housing in the state. To accomplish the purposes of this section, the corpora…
AS 18.56.220 Duty to advise about corporation's programs.
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The corporation shall make a reasonable effort, through seminars, training sessions, and other forms of technical assistance, to assist local governments, regional housing authorities, nonprofit organizations, and other organizations and individuals to understand the corporation'…
AS 18.56.230 Commercial use in a multi-unit residential housing development owned or financed by the corporation; limitations.
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(a) The corporation may authorize commercial use in a multi-unit residential housing development it owns or finances if (1) the use is not prohibited under (b) of this section; and (2) the total of all commercial uses does not occupy more than a percentage of the space in the mul…
AS 18.56.300 Construction standards for housing eligible for purchase of loans.
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(a) The corporation may not make or purchase a housing loan for residential housing the construction of which begins after June 30, 1992, unless the seller of the mortgage loan complies with the provisions of this section and unless (1) the unit is in compliance with the construc…
AS 18.56.390 Definitions for AS 18.56.010 — 18.56.390.
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Article 2. Housing Assistance. In AS 18.56.010 — 18.56.390, unless the context clearly indicates a different meaning, (1) “adjustable rate mortgage loan” means a mortgage loan with respect to which the interest rate varies or is expected to vary from time to time by reference to …
AS 18.56.400 Powers of corporation related to housing assistance.
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The board may (1) adopt regulations in accordance with AS 18.56.088 to implement AS 18.56.400 — 18.56.600; (2) make and execute agreements, contracts, and other instruments necessary or convenient in the exercise of the powers and functions granted under AS 18.56.400 — 18.56.600;…
AS 18.56.410 Alaska energy efficient home grant fund.
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(a) There is established in the corporation the Alaska energy efficient home grant fund consisting of money appropriated to it by the legislature and deposited in it by the corporation. The corporation shall administer the Alaska energy efficient home grant fund under the provisi…
AS 18.56.420 Housing assistance loan program.
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(a) There is created in the corporation the housing assistance loan program. The corporation shall provide money to originate, purchase, participate in the purchase of, or refinance (1) small community housing mortgage loans; (2) loans made for building materials for small commun…
AS 18.56.430 Home ownership assistance fund.
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(a) There is created in the corporation the home ownership assistance fund consisting of money appropriated to it by the legislature and deposited in it by the corporation. Money in the fund shall be used solely to assist persons of lower and moderate income to purchase or constr…
AS 18.56.440 Limitations on use of housing assistance loan program.
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The housing assistance loan program may not be used to (1) originate a direct loan or purchase or participate in the purchase of a small community housing mortgage loan that exceeds the limitations on mortgage loans purchased by the Federal National Mortgage Association as to pri…
AS 18.56.450 Operating loss reserve account.
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(a) There is established an operating loss reserve account for the purpose of meeting legal expenses incurred through the foreclosure of properties acquired by the corporation under AS 18.56.400(6) and making repairs to these properties so that they may be sold to new buyers. (b)…
AS 18.56.460 Security for loans.
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(a) The corporation shall adopt regulations in accordance with AS 18.56.088 establishing acceptable security for loans originated or purchased in whole or in part under AS 18.56.420. (b) A person may pledge as security for the repayment of a loan originated or purchased in whole …
AS 18.56.470 Interest on loans.
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(a) The interest rate on a mortgage loan originated or purchased in whole or in part under AS 18.56.420 for small community housing or multi-family housing under AS 18.56.580 is one percent less than the interest rate, as determined under AS 18.56.098(f)(1) — (4), on a mortgage l…
AS 18.56.480 Title.
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(a) Before the corporation originates or purchases a small community housing mortgage loan in whole or in part, the corporation may require a borrower to show marketable title to real property offered as security for the loan to be purchased. (b) A borrower may show marketable ti…
AS 18.56.490 Restricted title loss reserve account.
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(a) There is established in the corporation the restricted title loss reserve account. The restricted title loss reserve account consists of money appropriated to it by the legislature and deposited to it by the corporation, and shall be administered by the corporation. (b) The c…
AS 18.56.500 Fire insurance.
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Before purchasing or participating in the purchase of a small community housing mortgage loan, the corporation may require the borrower to agree to purchase and maintain fire insurance for the real property for which the loan is made in an amount not less than the outstanding pri…
AS 18.56.510 Loan origination and servicing.
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(a) Before purchasing or participating in the purchase of a small community housing mortgage loan, the corporation shall enter into a loan servicing agreement with the private financial institution from which the loan is to be purchased. (b) The corporation may execute service ag…
AS 18.56.520 Appraisals.
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Before originating or purchasing or participating in the purchase of a small community housing mortgage loan, the corporation may have or may require the borrower to have an appraisal made of the fair market value of the real property, including structures on the real property, f…
AS 18.56.530 Energy audit exemption.
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In making loans under AS 18.56.400 — 18.56.600, the corporation is exempt from the requirements of AS 46.11.050(b).
AS 18.56.540 Toll-free telephone number.
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For the purposes of administration of AS 18.56.400 — 18.56.600, the corporation shall arrange for and maintain a toll-free telephone number for the corporation so that private financial institutions and their borrowers may contact the corporation from any location in the state by…
AS 18.56.550 Field offices; contract services; assistance to others.
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(a) The corporation may establish field offices under AS 18.56.400 — 18.56.600, may hire one or more lending officers, and may contract for the services of (1) real property appraisers who are familiar with housing and construction in small communities; and (2) engineers who are …
AS 18.56.560 Demonstration projects and information.
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The corporation may enter into agreements with public and private agencies to provide demonstration projects and information concerning housing construction in small communities.
AS 18.56.570 Regional allocation. [Repealed, § 8 ch 134 SLA 2004.]
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[Repealed or reserved.]
AS 18.56.580 Loans for multi-family housing.
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(a) The corporation may use the housing assistance loan program created in AS 18.56.420 to make loans for the purchase, participation in the purchase, origination, development, or refinancing of multi-family housing in small communities. (b) In this section, (1) “development” mea…
AS 18.56.590 Annual report. [Repealed, § 42 ch 12 SLA 2006.]
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[Repealed or reserved.]
AS 18.56.600 Definitions.
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Article 3. Low Cost and Low Income Multiple Housing. In AS 18.56.400 — 18.56.600, (1) “housing” means owner-occupied, single-family housing and owner-occupied duplexes in which not more than 25 percent of the gross floor area is or will be devoted to commercial use; (2) “small co…
AS 18.56.650 Low cost and low income multiple family housing development fund and grants.
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(a) There is created in the corporation a low cost and low income multiple family housing development fund. Subject to appropriation the corporation shall make grants to municipalities or public or private nonprofit corporations designated as tax exempt under 26 U.S.C. 501(c)(3) …
AS 18.56.700 Senior housing office.
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(a) There is established in the corporation a senior housing office. The office shall promote a comprehensive response to the needs of senior citizens for adequate, accessible, secure, and affordable housing in the state. In order to fulfill this purpose, the office may (1) study…
AS 18.56.710 Senior housing revolving fund.
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(a) The senior housing revolving fund is established. The revolving fund consists of appropriations made to it by the legislature, the proceeds of bonds sold under AS 18.56.790, repayments of principal and interest on loans made or purchased from assets of the fund, and money or …
AS 18.56.720 Interest rate. [Repealed, § 7 ch 84 SLA 1998.]
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[Repealed or reserved.]
AS 18.56.730 Conditions on loans.
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(a) The corporation shall adopt regulations under AS 18.56.088(a) and (b) establishing acceptable security for loans originated or purchased in whole or in part under AS 18.56.700 — 18.56.799. (b) The corporation (1) may condition a loan under AS 18.56.700 — 18.56.799 on an agree…
AS 18.56.740 Fire insurance.
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Before purchasing or participating in the purchase of a senior housing mortgage loan, the corporation shall require the borrower to agree to purchase and maintain fire insurance for the real property for which the loan is made in an amount not less than the outstanding principal …
AS 18.56.750 Loan origination and servicing.
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(a) Before purchasing or participating in the purchase of a senior housing loan, the corporation shall enter into a loan servicing agreement with the private financial institution from which the loan is to be purchased. (b) The corporation may execute service agreements with priv…
AS 18.56.760 Appraisals.
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Before originating or purchasing or participating in the purchase of a senior housing mortgage loan, the corporation may have or may require the borrower to have an appraisal made of the fair market value of the real property, including structures on the real property, for which …
AS 18.56.770 Toll-free telephone number.
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The corporation shall arrange for and maintain a toll-free telephone number for senior housing purposes so that private financial institutions and their borrowers may contact the office from any location in the state by telephone without a toll charge.
AS 18.56.780 Contracting for services.
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The corporation may contract for the services of persons who will assist the office in performing its duties under AS 18.56.700 — 18.56.799.
AS 18.56.790 Bonds for senior housing.
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(a) Under the procedures of this chapter, the corporation may issue bonds in a total amount not exceeding $30,000,000 to fund senior housing loans made under AS 18.56.700 — 18.56.799. (b) [Repealed, § 7 ch 84 SLA 1998.] (c) [Repealed, § 7 ch 84 SLA 1998.] (d) [Repealed, § 8 ch 84…
AS 18.56.795 Regulations.
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For purposes of implementing AS 18.56.700 — 18.56.799, the corporation shall, under AS 18.56.088, establish by regulation the age requirement for occupants of senior housing, which may not be less than 55 years of age.
AS 18.56.799 Definitions.
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Article 5. Senior Citizens Housing Development Fund. In AS 18.56.700 — 18.56.799, (1) “office” means the senior housing office established under AS 18.56.700; (2) “senior housing” (A) means construction or improvement undertaken primarily to provide dwelling accommodations for ol…
AS 18.56.800 Declaration of purpose.
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There exists in the state a serious shortage of decent, safe, and sanitary residential housing available at low or moderate prices or rentals to older individuals. There also exists in the state organizations whose purposes are to provide the kinds of housing needed to alleviate …
AS 18.56.810 Senior citizens housing development.
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Article 6. Energy Efficiency and Conservation Programs. (a) There is created in the corporation a senior citizens housing development fund. Subject to direct appropriation or through proceeds of a bond issue, the corporation shall make grants to municipalities, public or private …
AS 18.56.850 Home energy conservation and weatherization program.
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(a) The corporation shall plan, study, implement, and assist programs for home energy conservation and weatherization including, without limitation, the (1) home energy loan program; (2) rural capital retrofit program; and (3) energy efficiency and weatherization program. (b) In …
AS 18.56.855 Alaska energy efficiency revolving loan fund.
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(a) The Alaska energy efficiency revolving loan fund is established in the corporation to carry out the purposes of this section. The revolving loan fund consists of money or assets appropriated or transferred to the corporation for the revolving loan fund, including money and as…
AS 18.56.860 Home energy rating systems.
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Article 7. General Provisions. The corporation shall act as the authorizing agency for purposes of approving home energy rating systems used in the state.
AS 18.56.900 Definitions.
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In this chapter, (1) “board” means the board of directors of the corporation; (2) “corporation” means the Alaska Housing Finance Corporation created by this chapter; (3) “sustainable energy development” means (A) renewable energy generation from sources that are continually reple…