Alaska Administrative Code
Title 15 - Revenue
Chapter 154 - Grant Programs
Article 3 - Multifamily Affordable Housing Development Grant
15 AAC 154.200 - Purpose
Universal Citation: 15 AK Admin Code 15 AAC 154.200
Current through August 30, 2024
(a) When adequate funding is not available from other sources and the Corporation determines there is a need for affordable housing, the multifamily affordable housing development fund provides grants to applicants meeting the requirement of AS 18.56.650(a) for developing affordable multifamily housing, and other non-housing facilities that are incidental or appurtenant to the housing, for low-income households, including:
(1) purchase of a building site;
(2) site preparation;
(3) preparation of plans and specifications,
including project feasibility studies;
(4) purchase of materials;
(5) construction; and
(6) rehabilitation, improvement, or
conversion of an existing building for use as low-income housing.
(b) In 15 AAC 154.200 - 15 AAC 154.210, "multi-family housing" has the meaning provided in 15 AAC 151.950(d).
Authority:AS 18.56.088
AS 18.56.650
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