Section 15 AAC 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;(3) preparation of plans and specifications, including project feasibility studies;(4) purchase of materials;(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).Eff. 5/7/93, Register 130Authority:AS 18.56.088
AS 18.56.650