reglab/housing_qa huggingface dataset:
AK Stat § 18.56.210 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.210. Market stabilization powers.

(a) If the board determines that it is in the best interest of the corporation, the corporation may take appropriate action under this section to stabilize the market price of and demand for residential housing in the state. To accomplish the purposes of this section, the corporation may (1) make and execute necessary agreements and conveyances under which a borrower may exchange residential housing securing a mortgage loan owned, held, or sold by the corporation for other residential housing owned by the corporation; (2) repurchase a mortgage loan sold or pledged by the corporation for the purpose of exercising a power conferred by this section; (3) for the purpose of qualifying residential housing situated in a condominium project for the best available financing for mortgage loans, make and execute agreements and contracts necessary to encourage all owners who occupy units in a condominium project that is not eligible for financing under this chapter to exchange their ownership interest for a condominium unit owned by the corporation in another project; (4) make and execute appropriate agreements with insurers, investors, and guarantors concerning the temporary removal of residential housing owned by the corporation from the resale market; (5) convert residential housing owned by the corporation that is designed and constructed for owner occupancy to another beneficial use; (6) make bulk sales of property owned by the corporation under procedures and terms the corporation determines are in the best interests of the corporation; (7) after giving due consideration to the interests of competing individual sellers of residential housing, provide financing under terms established by the board to promote the sale of residential housing owned by the corporation; (8) invest funds of the corporation in the removal and disposal of substandard publicly owned residential housing if the board of directors determines that the investment is prudent, properly secured, and in the long-term best interests of the corporation; (9) create subsidiary entities to implement a power conferred by this section and to provide insurance under AS 18.56.093 and 18.56.095; (10) purchase loans from the former housing assistance loan fund (former AS 44.47.380) if and only if the payments of principal and interest on the loans, or amounts equal to the payments of principal and interest on the loans, are deposited in a separate fund of the corporation to be used for the purposes, and subject to the standards and criteria, of former AS 44.47.360 - 44.47.560 as those statutes provided on June 10, 1988; and (11) take other actions necessary, convenient, or desirable to carry out the powers granted in this subsection. (b) The corporation shall implement the powers conferred by (a) of this section by adopting regulations under AS 18.56.088.
AK Stat § 18.56.220 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.220. Duty to advise about corporation's programs.

The corporation shall make a reasonable effort, through seminars, training sessions, and other forms of technical assistance, to assist local governments, regional housing authorities, nonprofit organizations, and other organizations and individuals to understand the corporation's housing programs and the opportunities that exist to obtain financial assistance from the corporation.
AK Stat § 18.56.230 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 1. Alaska Housing Finance Corporation.|Sec. 18.56.230. Commercial use in a multi-unit residential housing development owned or financed by the corporation; limitations.

(a) The corporation may authorize commercial use in a multi-unit residential housing development it owns or finances if (1) the use is not prohibited under (b) of this section; and (2) the total of all commercial uses does not occupy more than a percentage of the space in the multi-unit residential housing development that the corporation has determined is consistent with the corporation's goal of increasing available affordable housing. (b) The corporation may not authorize the commercial use of space in a multi-unit residential housing development owned or financed by the corporation for (1) a business that offers adult entertainment; (2) the sale of alcoholic beverages, unless the sale is in a restaurant or eating place licensed under AS 04.11.100 or is in premises designated by the Alcoholic Beverage Control Board as a restaurant under AS 04.16.049; (3) substance abuse treatment; or (4) a business that primarily sells, transfers, or stores cigarettes or tobacco-related products. (c) This section does not require the corporation to authorize commercial use in a multi-unit residential housing development owned or financed by the corporation. (d) In this section, (1) “business that offers adult entertainment” has the meaning given in AS 23.10.350(f); (2) “cigarette” has the meaning given in AS 18.74.290; (3) “commercial use” includes a business or nonprofit activity conducted by a sole proprietorship, cooperative, corporation, firm, partnership, or other association of persons organized in any manner.
AK Stat § 18.56.400 (2021)
2021 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.
AK Stat § 18.56.410 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 2. Housing Assistance.|Sec. 18.56.410. Alaska energy efficient home grant fund.

(a) There is established in the corporation the Alaska energy efficient home grant fund consisting of money appropriated to it by the legislature and deposited in it by the corporation. The corporation shall administer the Alaska energy efficient home grant fund under the provisions of this section. (b) Subject to appropriation, the corporation may grant funds from the Alaska energy efficient home grant fund to agencies of the state or federal government, individuals, or businesses that retrofit existing single family dwellings or build new single family dwellings that meet criteria adopted by the corporation. (c) The corporation shall adopt guidelines and procedures for the fund.
AK Stat § 18.56.420 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 2. Housing Assistance.|Sec. 18.56.420. Housing assistance loan program.

(a) There is created in the corporation the housing assistance loan program. The corporation shall provide money to originate, purchase, participate in the purchase of, or refinance (1) small community housing mortgage loans; (2) loans made for building materials for small community housing; (3) loans made for renovations or improvements to small community housing; and (4) loans made for the construction of owner-occupied small community housing other than loans to builders or contractors or loans that compensate an owner for the owner's labor or services in constructing the owner's own housing. (b) [Repealed, § 8 ch 134 SLA 2004.]
AK Stat § 18.56.430 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 2. Housing Assistance.|Sec. 18.56.430. Home ownership assistance fund.

(a) There is created in the corporation the home ownership assistance fund consisting of money appropriated to it by the legislature and deposited in it by the corporation. Money in the fund shall be used solely to assist persons of lower and moderate income to purchase or construct single-family homes financed under AS 18.56.400 - 18.56.600 by providing a subsidy to those persons. (b) The subsidy provided by this section may not exceed the amount that is necessary to reduce the annual interest rate paid on the mortgage loan to six percent. (c) A mortgage loan that is subsidized from the home ownership assistance fund may not exceed $120,000. (d) The corporation shall adopt regulations that establish maximum income-to-loan payment ratios for persons who apply for a subsidy under this section. (e) In this section, “persons of lower and moderate income” means individuals considered by the corporation to require assistance under this section because of inadequate income or other limited personal financial resources, taking into consideration (1) the amount of total income available for housing needs; (2) the size of the family; (3) the cost and condition of available housing; (4) standards established in various federal programs for determining eligibility based on income; (5) the ability to enter the private housing market and to pay market amounts for decent, safe, and sanitary housing; and (6) other factors considered relevant by the corporation.
AK Stat § 18.56.440 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 2. Housing Assistance.|Sec. 18.56.440. Limitations on use of housing assistance loan program.

The housing assistance loan program may not be used to (1) originate a direct loan or purchase or participate in the purchase of a small community housing mortgage loan that exceeds the limitations on mortgage loans purchased by the Federal National Mortgage Association as to principal amount or loan-to-value ratio; (2) originate a direct loan or purchase or participate in the purchase of a loan made for building materials for small community housing (A) that exceeds $45,000 or exceeds (i) 80 percent of the appraised value of the work completed on the small community housing for which the loan is made if the small community housing is pledged as collateral for the loan; or (ii) 90 percent of the value of other property that is pledged as security for the loan and that is satisfactory to the corporation as collateral; (B) unless the terms of the loan agreement require inspections and certifications, as required by regulations of the corporation, at the expense of the borrower; and (C) unless the period of time allowed for repayment of the loan is equal to or less than 15 years; (3) originate direct loans or purchase or participate in the purchase of a small community housing mortgage loan that is secured by real property the marketable title to which is shown under AS 18.56.480(b)(2) if the total amount of outstanding small community housing mortgage loans held by the corporation exceeds 10 times the amount of money in the restricted title loss reserve account established by AS 18.56.490; (4) originate a direct loan for small community housing or purchase or participate in the purchase of a small community housing mortgage loan, other than a loan for the repair, remodeling, rehabilitation, or expansion of an existing owner-occupied residence, if the borrower has an outstanding housing loan made under a state loan program, other than a loan for nonowner-occupied housing under AS 18.56.580 or under former AS 44.47.520, that bears interest at a rate that was less than the prevailing market interest rate for similar housing loans at the time the loan was made; (5) originate a direct mortgage loan or purchase or participate in the purchase of a mortgage loan for rental housing unless the borrower agrees not to discriminate against tenants or prospective tenants because of sex, marital status, changes in marital status, pregnancy, parenthood, race, religion, color, national origin, or status as a student; or (6) originate, purchase, or participate in a loan to a person who has a past due child support obligation established by court order or by the child support services agency under AS 25.27.160 - 25.27.220 at the time of application.
AK Stat § 18.56.450 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 2. Housing Assistance.|Sec. 18.56.450. Operating loss reserve account.

(a) There is established an operating loss reserve account for the purpose of meeting legal expenses incurred through the foreclosure of properties acquired by the corporation under AS 18.56.400(6) and making repairs to these properties so that they may be sold to new buyers. (b) The operating reserve loss account consists of money appropriated to it by the legislature and deposited in it by the corporation. To the extent that money is paid out of the operating loss reserve account for the purposes stated in this section, this money shall be replaced with money received as interest on loans authorized by AS 18.56.400 - 18.56.600.
AK Stat § 18.56.460 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 2. Housing Assistance.|Sec. 18.56.460. Security for loans.

(a) The corporation shall adopt regulations in accordance with AS 18.56.088 establishing acceptable security for loans originated or purchased in whole or in part under AS 18.56.420. (b) A person may pledge as security for the repayment of a loan originated or purchased in whole or in part under AS 18.56.420 a preference right that person holds to receive title to land the person occupies as a primary place of residence, primary place of business, subsistence campsite, or as headquarters for reindeer husbandry. The preference right must be conveyed to the person by the Native corporation to which the land was granted under 43 U.S.C. 1613 (Alaska Native Claims Settlement Act) before it may be pledged as security under this subsection. The corporation shall prescribe procedures and standard forms for establishing, pledging, and appraising the value of a preference right held by a person to secure the repayment of a loan originated or purchased in whole or in part under AS 18.56.420.
AK Stat § 18.56.470 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 2. Housing Assistance.|Sec. 18.56.470. Interest on loans.

(a) The interest rate on a mortgage loan originated or purchased in whole or in part under AS 18.56.420 for small community housing or multi-family housing under AS 18.56.580 is one percent less than the interest rate, as determined under AS 18.56.098(f)(1) - (4), on a mortgage loan purchased under AS 18.56.098(a) from the proceeds of the most recent applicable issue of taxable bonds before the origination or purchase of the mortgage loan originated or purchased under AS 18.56.420. However, the interest rate on that portion of a loan that exceeds $250,000 is the same as the interest rate determined under AS 18.56.098(f)(1) - (4). (b) Notwithstanding the requirements of (a) of this section, if there has not been an applicable issue of taxable bonds issued within six months before the origination or purchase of a loan under this section, the corporation may estimate the interest rate that an issue of taxable bonds would bear.
AK Stat § 18.56.480 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 2. Housing Assistance.|Sec. 18.56.480. Title.

(a) Before the corporation originates or purchases a small community housing mortgage loan in whole or in part, the corporation may require a borrower to show marketable title to real property offered as security for the loan to be purchased. (b) A borrower may show marketable title to real property for the purposes of (a) of this section (1) by purchasing title insurance from a title insurance company authorized to do business in the state; or (2) by delivering to the corporation a copy of a letter of intent signed by an authorized representative of the United States Department of the Interior that shows the transfer of title to the property from the United States government to the borrower if (A) the borrower is an Alaska Native; and (B) title to the property was originally transferred from the United States government, directly or indirectly, to the borrower under federal law. (c) For the purposes of this section, a deed which federal law prohibits or limits the power to transfer or encumber and which would otherwise constitute marketable title to real property is considered marketable title to real property if the United States Bureau of Indian Affairs or another appropriate federal agency waives immunity under the federal law from foreclosure or other alienation of the real property.
AK Stat § 18.56.490 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 2. Housing Assistance.|Sec. 18.56.490. Restricted title loss reserve account.

(a) There is established in the corporation the restricted title loss reserve account. The restricted title loss reserve account consists of money appropriated to it by the legislature and deposited to it by the corporation, and shall be administered by the corporation. (b) The corporation may withdraw money from the restricted title loss reserve account in an amount equal to the loss to the corporation on a small community housing mortgage loan originated or purchased in whole or in part by the corporation if marketable title to the real property used to secure the loan was shown under AS 18.56.480(b)(2). Money withdrawn from the restricted title loss reserve account under this section shall be deposited in the Alaska housing finance revolving fund (AS 18.56.082).
AK Stat § 18.56.500 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 2. Housing Assistance.|Sec. 18.56.500. Fire insurance.

Before purchasing or participating in the purchase of a small community housing mortgage loan, the corporation may require the borrower to agree to purchase and maintain fire insurance for the real property for which the loan is made in an amount not less than the outstanding principal balance of the loan.
AK Stat § 18.56.510 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 2. Housing Assistance.|Sec. 18.56.510. Loan origination and servicing.

(a) Before purchasing or participating in the purchase of a small community housing mortgage loan, the corporation shall enter into a loan servicing agreement with the private financial institution from which the loan is to be purchased. (b) The corporation may execute service agreements with private lending institutions or with regional Native housing authorities established under AS 18.55.996 to service loans originated by the corporation or loans originated under AS 18.55.997. (c) Under the servicing agreement, the private financial institution or the regional Native housing authority shall administer the loan and may charge the corporation a negotiated origination or servicing fee on the corporation's share of the loan. When appropriate, the private financial institution or the regional Native housing authority may also charge the borrower a reasonable originator fee not to exceed one percent.
AK Stat § 18.56.520 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 2. Housing Assistance.|Sec. 18.56.520. Appraisals.

Before originating or purchasing or participating in the purchase of a small community housing mortgage loan, the corporation may have or may require the borrower to have an appraisal made of the fair market value of the real property, including structures on the real property, for which the loan is made. In conducting an appraisal under this section, the appraiser shall give full value to insulation and other features of construction in structures on the real property that add to the energy efficiency of the structures.
AK Stat § 18.56.530 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 2. Housing Assistance.|Sec. 18.56.530. Energy audit exemption.

In making loans under AS 18.56.400 - 18.56.600, the corporation is exempt from the requirements of AS 46.11.050(b).
AK Stat § 18.56.540 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 2. Housing Assistance.|Sec. 18.56.540. Toll-free telephone number.

For the purposes of administration of AS 18.56.400 - 18.56.600, the corporation shall arrange for and maintain a toll-free telephone number for the corporation so that private financial institutions and their borrowers may contact the corporation from any location in the state by telephone without a toll charge.
AK Stat § 18.56.550 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 2. Housing Assistance.|Sec. 18.56.550. Field offices; contract services; assistance to others.

(a) The corporation may establish field offices under AS 18.56.400 - 18.56.600, may hire one or more lending officers, and may contract for the services of (1) real property appraisers who are familiar with housing and construction in small communities; and (2) engineers who are familiar with engineering problems in arctic and subarctic regions. (b) The personnel described in (a) of this section may make visits to small communities to provide preconstruction and post-construction inspections of real property for which loans are originated or purchased by the corporation in whole or in part under AS 18.56.420 and to provide assistance to private financial institutions and their borrowers. Authority for final approval of loans may not be exercised by the personnel described in this section.
AK Stat § 18.56.560 (2021)
2021 Alaska Statutes|Title 18. Health, Safety, Housing, Human Rights, and Public Defender|Chapter 56. Alaska Housing Finance Corporation|Article 2. Housing Assistance.|Sec. 18.56.560. Demonstration projects and information.

The corporation may enter into agreements with public and private agencies to provide demonstration projects and information concerning housing construction in small communities.