Section 15.154.200. Purpose.

	(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).  

Authorities

18.56.088;18.56.650

Notes

Reference

15 AAC 154.200

Authority

AS 18.56.088 AS 18.56.650

History

Eff. 5/7/93, Register 130