Alaska HB184 expands the Alaska Industrial Development and Export Authority's powers to include workforce housing development projects.

Alaska HB184 amends the Alaska Industrial Development and Export Authority's powers to include financing and facilitating the construction of new workforce housing facilities with five or more dwelling units. The bill defines "workforce housing" as residential housing costing less than 30% of a household's income, where the household's income is at or below 120% of the median family income for the location. The authority is also empowered to guarantee loans related to qualified export transactions, oversee administration of grants, and provide development project financing.

Alaska HB184 expands the Alaska Industrial Development and Export Authority's powers to include workforce housing development projects.

Alaska HB184 amends the Alaska Industrial Development and Export Authority's powers to include financing and facilitating the construction of new workforce housing facilities with five or more dwelling units. The bill defines "workforce housing" as residential housing costing less than 30% of a household's income, where the household's income is at or below 120% of the median family income for the location. The authority is also empowered to guarantee loans related to qualified export transactions, oversee administration of grants, and provide development project financing.