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Current as of January 01, 2025 | Updated by Findlaw Staff
(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.
Cite this article: FindLaw.com - Alaska Statutes Title 18. Health, Safety, Housing, Human Rights, and Public Defender § 18.56.580. Loans for multi-family housing - last updated January 01, 2025 | https://codes.findlaw.com/ak/title-18-health-safety-housing-human-rights-and-public-defender/ak-st-sect-18-56-580/
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