2019 Alaska Statutes
Title 18. Health, Safety, Housing, Human Rights, and Public Defender
Chapter 56. Alaska Housing Finance Corporation
Article 2. Housing Assistance.
Sec. 18.56.400. Powers of corporation related to housing assistance.
The board may
(1) adopt regulations in accordance with AS 18.56.088 to implement AS 18.56.400 - 18.56.600;
(2) make and execute agreements, contracts, and other instruments necessary or convenient in the exercise of the powers and functions granted under AS 18.56.400 - 18.56.600;
(3) purchase or participate in the purchase of small community housing mortgage loans under AS 18.56.400 - 18.56.600;
(4) purchase or participate in the purchase of loans for building materials for small community housing under AS 18.56.400 - 18.56.600;
(5) procure insurance against loss in connection with the corporation's functions under AS 18.56.400 - 18.56.600;
(6) acquire real or personal property, or an interest in real or personal property, by purchase, transfer, or foreclosure, when the acquisition is necessary or appropriate to protect a loan in which the corporation has an interest; sell, transfer and convey that property to a buyer; and, if the sale, transfer or conveyance cannot be effected with reasonable promptness or at a reasonable price, rent or lease the property to a tenant pending the sale, transfer or conveyance;
(7) do all acts necessary, convenient, or desirable to carry out the powers expressly granted or necessarily implied in AS 18.56.400 - 18.56.600;
(8) originate and service direct loans made to qualified buyers under AS 18.56.400 - 18.56.600.
