An Act relating to the housing assistance loan program; repealing the home ownership assistance fund; repealing the operating loss reserve account; repealing the restricted title loss reserve account; and providing for an effective date.
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Progress
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- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill proposes to eliminate several funding accounts and programs related to Alaska’s housing assistance loan program. Specifically, it repeals the Home Ownership Assistance Fund, the Operating Loss Reserve Account, and the Restricted Title Loss Reserve Account. The bill also modifies the Housing Assistance Loan Program to restrict its use in certain mortgage loan scenarios.
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