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AK HB226

Bill

Official Source

Status

Introduced

5/12/2025

Primary Sponsor

Neal Foster

Click for details

Origin

House of Representatives

34th Legislature

AI Summary

  • Increases the loan threshold eligible for reduced interest rates on Alaska Housing Finance Corporation (AHFC) loans from $250,000 to $400,000

  • Applies to mortgage loans for small community housing and multi-family housing under AS 18.56.420 and AS 18.56.580

  • Reduced interest rate is 1% below the standard AHFC mortgage rate for loan amounts up to $400,000

  • Loan amounts exceeding $400,000 will be charged the standard interest rate on the portion above that threshold

  • Introduced by Representative Foster on May 12, 2025

Legislative Description

Ahfc: Reduced Interest On Certain Loans

Public Corporations

Last Action

REFERRED TO STATE AFFAIRS

5/12/2025

Committee Referrals

State Affairs5/12/2025

Full Bill Text

No bill text available