Alaska § 18.56.650 - Low cost and low income multiple family housing development fund and grants.
Full text of Alaska Alaska Statutes § 18.56.650 — Low cost and low income multiple family housing development fund and grants., with citation guidance and answers to common questions.
§ 18.56.650. Low cost and low income multiple family housing development fund and grants.
(a) There is created in the corporation a low cost and low income multiple family housing development fund. Subject to appropriation the corporation shall make grants to municipalities or public or private nonprofit corporations designated as tax exempt under 26 U.S.C. 501(c)(3) and (4) (Internal Revenue Code of 1954) for the purpose of developing low cost, low income multiple family housing.
(b) Application for a grant under (a) of this section shall be in the form prescribed by the corporation. The application (1) shall demonstrate the need for low cost, low income multiple family housing in the area to be served, the feasibility of the proposed project; and
(2) must include an adequate management plan that shall demonstrate the ability of the eligible recipient to sustain the proposed project.
(c) A low cost and low income multiple family housing project developed under this section (1) shall be prepared in accordance with facility procurement policies developed by the Department of Transportation and Public Facilities under AS 35.10.160 — 35.10.200; and
(2) is a public facility under AS 35.10.160 — 35.10.200.
(d) The corporation shall adopt regulations under AS 18.56.088 to carry out the purposes of this section.
(e) In this section, “low cost and low income multiple family housing” (1) means a specific work or improvement undertaken primarily to provide multiple family dwelling accommodations for low income persons;
(2) includes the acquisition, construction, or rehabilitation of land, buildings, improvements, and other nonhousing facilities that are incidental or appurtenant to the housing.
Article 4. Senior Housing Office.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 18.56.650
What does Alaska Statutes § 18.56.650 cover?
Section 18.56.650 ("Low cost and low income multiple family housing development fund and grants.") 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 § 18.56.650?
A common citation format is "Alaska Statutes § 18.56.650" (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 § 18.56.650 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.