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AK SB14

Bill

Status

Introduced

1/22/2025

Primary Sponsor

Forrest Dunbar

Click for details

Origin

Senate

34th Legislature

AI Summary

  • Expands the Alaska Industrial Development and Export Authority (AIDEA) purpose and powers to include financing construction of new workforce housing facilities containing five or more dwelling units

  • Adds workforce housing facilities to the definition of "development project," enabling AIDEA to provide development project financing for such projects under AS 44.88.172

  • Defines "workforce housing" as residential housing costing occupants less than 30% of income for households earning 120% of the area median family income, as determined by HUD

  • Amends multiple sections of AS 44.88 (Sections 44.88.070, 44.88.080, and 44.88.900) to incorporate workforce housing into AIDEA's statutory framework

Legislative Description

Aidea Finance Workforce Housing Develop.

Public Corporations

Last Action

REFERRED TO FINANCE

2/7/2025

Committee Referrals

Finance2/7/2025
Labor & Commerce1/22/2025

Full Bill Text

No bill text available