Alaska § 18.56.091 - Home ownership assistance program.
Full text of Alaska Alaska Statutes § 18.56.091 — Home ownership assistance program., with citation guidance and answers to common questions.
§ 18.56.091. Home ownership assistance program.
(a) The corporation shall implement a home ownership assistance program to assist persons of lower and moderate income to purchase homes financed under the special mortgage loan purchase program by providing a subsidy to the persons in an amount not greater than the difference between (1) the amount annually required to pay interest and principal on that person's loan and real property taxes and insurance for the home purchase with the loan; and
(2) 25 percent of that person's annual gross income.
(b) Notwithstanding (a) of this section, the loan amount eligible for assistance under the subsidy authorized by (a) of this section is the amount determined under AS 18.56.098 (k).
Frequently Asked Questions About Alaska § 18.56.091
What does Alaska Statutes § 18.56.091 cover?
Section 18.56.091 ("Home ownership assistance program.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 18.56.091?
A common citation format is "Alaska Statutes § 18.56.091" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 18.56.091 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.