An Act increasing the loan amount that is eligible for lower interest rates on certain Alaska Housing Finance Corporation loans.

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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