AlaskaBill would set an inflation-adjusted cutoff for lower rates on housing loans
Certain Alaska Housing Finance Corporation mortgage loans would get a one-point rate reduction up to $400,000, with the cutoff rising each year for inflation.
What it does
Certain small-community and multifamily housing loans would get a one-point lower rate on amounts up to $400,000. Amounts above that cutoff would get the full comparison rate.
Argument forBorrowers might pay less interest on the portion of a qualifying loan up to the cutoff because that part gets a one-point lower rate.
Argument againstBorrowers with loans above the cutoff might pay the full comparison rate on that portion, making larger loans more costly.
More detail
Qualifying mortgage loans would get an interest rate one percentage point below a comparison rate, except on amounts above a set cutoff. The rule covers mortgage loans originated or purchased in whole or in part under AS 18.56.420 for small-community housing, or multifamily housing under AS 18.56.580. The one-point reduction applies to the portion up to the cutoff. Any portion above the cutoff gets the comparison rate. The $400,000 cutoff would adjust each July 1 for the prior calendar year's increase in the Consumer Price Index for urban Alaska.
Where do you stand?
Choose your position
Tell your reps
Take a position to see your representatives and ways to contact them.
Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- May 19(H) Scheduled but Not Heard -- Delayed to a Call of the Chair --Latest
- May 19(H) FINANCE at 01:30 PM ADAMS 519
- May 19(H) Scheduled but Not Heard -- Delayed to 9:00 am --
- May 19(H) FINANCE at 08:00 AM ADAMS 519
- May 18(H) Scheduled but Not Heard -- Recessed to a Call of the Chair --
- May 18(H) FINANCE at 06:00 PM ADAMS 519
- May 18(H) -- Public Testimony -- -- Delayed to a Call of the Chair --
- May 18(H) FINANCE at 01:30 PM ADAMS 519
- May 18(H) -- Public Testimony -- -- Delayed to a Call of the Chair --
- May 18(H) FINANCE at 09:00 AM ADAMS 519
- May 6(H) COSPONSOR(S): CARRICK
- Apr 22(H) REFERRED TO FINANCEMinor
- Apr 22(H) FN1: (REV)
- Apr 22(H) NR: VANCE, MCCABE
- Apr 22(H) DP: ST. CLAIR, HOLLAND, HIMSCHOOT, STORY, CARRICK
- Apr 22(H) STA RPT CS(STA) 5DP 2NR
- Apr 21(H) Minutes (HSTA)
- Apr 21(H) Moved CSHB 226(STA) Out of Committee
- Apr 21(H) STATE AFFAIRS at 03:15 PM GRUENBERG 120
- Apr 9(H) -- MEETING CANCELED --
- Apr 9(H) STATE AFFAIRS at 03:15 PM GRUENBERG 120
- Apr 7(H) Minutes (HSTA)
- Apr 7(H) Heard & Held
- Apr 7(H) STATE AFFAIRS at 03:15 PM GRUENBERG 120
- Apr 2(H) Minutes (HSTA)
- Apr 2(H) Heard & Held -- Delayed to 3:45 pm --
- Apr 2(H) STATE AFFAIRS at 03:15 PM GRUENBERG 120
- 2025
- May 12(H) STA, FIN
- May 12(H) READ THE FIRST TIME - REFERRALSIntroduced
Housing