Section 15.151.520. Term of loans.

Latest version.

The term of a loan under 15 AAC 151.500 may not exceed 30 years or the estimated useful life expectancy of the housing as determined by the Corporation, whichever is less. If a loan is directly funding the allowable costs of the construction, rehabilitation, or improvement of the housing, the term may not exceed 24 months.

Authorities

18.56.088;18.56.090;18.56.099

Notes

Reference

15 AAC 151.501

Authority
 AS 18.56.088  
AS 18.56.090  
AS 18.56.099  
History Eff. 5/7/93, Register 130; am 8/3/94, Register 132

                    
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