summary
Introduced
02/23/2026
02/23/2026
In Committee
03/13/2026
03/13/2026
Crossed Over
Passed
Dead
Introduced Session
34th Legislature
Bill Summary
An Act relating to the housing assistance loan program; repealing the home ownership assistance fund; repealing the operating loss reserve account; repealing the restricted title loss reserve account; and providing for an effective date.
AI Summary
This bill repeals three specific funds and accounts related to housing assistance programs in Alaska: the Home Ownership Assistance Fund, the Operating Loss Reserve Account, and the Restricted Title Loss Reserve Account. The Restricted Title Loss Reserve Account, in particular, was a financial safeguard that limited the amount of outstanding small community housing mortgage loans the Alaska Housing Finance Corporation (AHFC) could hold if the total amount exceeded ten times the money in that reserve. By repealing these accounts, the bill effectively removes these specific financial limitations and reserves from the housing assistance loan program, with the changes taking effect on July 1, 2026.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (1)
Last Action
REFERRED TO FINANCE (on 03/13/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.akleg.gov/basis/Bill/Detail/34?Root=SB264 |
| BillText | https://www.akleg.gov/PDF/34/Bills/SB0264A.PDF |
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