HB 226·AK·house
An Act increasing the loan amount that is eligible for lower interest rates on certain Alaska Housing Finance Corporation loans.
In CommitteeFiled May 12, 2025
Sponsor: Neal Foster (D)
Latest Action
(H) Scheduled but Not Heard -- Delayed to a Call of the Chair --
May 19, 2026
Summary
The bill changes Alaska law so that mortgage loans up to $400,000 for small‑community or multi‑family housing get an interest rate that is 1 % lower than the standard rate. Loans larger than $400,000 will receive the regular rate. This expands the benefit to borrowers with bigger loans, potentially lowering housing costs.
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