Sec. 18.56.860. Home energy rating systems.
The corporation shall act as the authorizing agency for purposes of approving home energy rating systems used in the state.
Sec. 18.56.900. Definitions.
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.
Sec. 18.56.730. Conditions on loans.
(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 agreement by the borrower to maintain the financed project as senior […]
Sec. 18.56.740. Fire insurance.
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 balance of the loan.
Sec. 18.56.750. Loan origination and servicing.
(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 private lending institutions or with regional Native housing authorities established under AS […]
Sec. 18.56.760. Appraisals.
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 the loan is made. In conducting an appraisal under […]
Sec. 18.56.770. Toll-free telephone number.
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.
Sec. 18.56.780. Contracting for services.
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.
Sec. 18.56.790. Bonds for senior housing.
(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 SLA 1998.] (e) […]
Sec. 18.56.795. Regulations.
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.