(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

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Terms Used In Alaska Statutes 18.56.420

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
(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(b)[Repealed, Sec. 8 ch 134 SLA 2004].
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