Alaska SB14 amends the Alaska Industrial Development and Export Authority to include workforce housing development projects among its financing.

Alaska SB14 modifies the Alaska Industrial Development and Export Authority to expand its financing activities to include workforce housing development projects. The bill specifies that the authority can provide financing and facilitate the financing of construction for new workforce housing facilities containing five or more dwelling units. This change aims to support the development of affordable housing for workers, ensuring that housing costs less than 30 percent of the income of a household with 120 percent of the median family income.

Alaska SB14 amends the Alaska Industrial Development and Export Authority to include workforce housing development projects among its financing.

Alaska SB14 modifies the Alaska Industrial Development and Export Authority to expand its financing activities to include workforce housing development projects. The bill specifies that the authority can provide financing and facilitate the financing of construction for new workforce housing facilities containing five or more dwelling units. This change aims to support the development of affordable housing for workers, ensuring that housing costs less than 30 percent of the income of a household with 120 percent of the median family income.