Section 18.56.420. Housing assistance loan program.

   (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 community housing;
        (3) loans made for renovations or improvements to small community housing; and
        (4) loans made for the construction of owner-occupied small community housing other than loans to builders or contractors or loans that compensate an owner for the owner's labor or services in constructing the owner's own housing.
   (b)   [Repealed, Sec. 8 ch 134 SLA 2004]. 

Authorities

18.56.460;18.56.470;18.56.550;18.56.580

Notes

Implemented As

15 AAC 152.010
15 AAC 152.020
15 AAC 152.045

References

15 AAC 152.010
AS 18.56.460 Security for loans.
AS 18.56.470 Interest on loans.
AS 18.56.550 Field offices; contract services; assistance to others.
AS 18.56.580 Loans for multi-family housing.

History

(Sec. 100 ch 4 FSSLA 1992; am Sec. 1 ch 129 SLA 2002; am Sec. 1, 8 ch 134 SLA 2004)