Section 18.56.580. Loans for multi-family housing.

Latest version.

   (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" means the construction of a new residence or the acquisition, repair, remodeling, rehabilitation, or expansion of an existing residence;
        (2) "multi-family housing" means a multi-family residence containing two or more dwelling units that may be nonowner-occupied or owner-occupied.

Authorities

18.56.440;18.56.470

Notes

Implemented As

15 AAC 150.900
15 AAC 152.010
15 AAC 152.020
15 AAC 152.090

References

AS 18.56.440 Limitations on use of housing assistance loan program.
AS 18.56.470 Interest on loans.

History

(Sec. 100 ch 4 FSSLA 1992; am Sec. 3 ch 129 SLA 2002; am Sec. 3 ch 126 SLA 2003; am Sec. 7 ch 134 SLA 2004)

                    
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