(a) In the operation or management of housing for low-income households, the corporation shall, from time to time, establish rents and requirements for admission of tenants to its housing in each municipality in which the housing of the corporation is located.
(b) Except in the case of leased housing as provided in 42 U.S.C. 1437f, the corporation shall fix the income limits for occupancy in its housing for low-income households after taking into consideration
(1) the family size, composition, age, physical disabilities, and other factors that might affect the rent-paying ability of the family; and
(2) the economic factors that affect the financial stability and solvency of the project.
(c) [Repealed, § 18 ch 7 SLA 2011.]
(d) [Repealed, § 18 ch 7 SLA 2011.]
(e) Nothing in this section or AS 18.55.120 limits the power of the corporation to vest in an obligee the right to take possession of a housing project or have a receiver appointed free from the restrictions imposed by this section or AS 18.55.120 in case of default by the corporation.
Structure Alaska Statutes
Title 18. Health, Safety, Housing, Human Rights, and Public Defender
Chapter 55. Housing, Public Buildings, Urban Renewal, and Regional Housing Authorities
Article 1. Housing Project and Public Building Assistance Act.
Sec. 18.55.010. Purpose of AS 18.55.100 - 18.55.290.
Sec. 18.55.080. Members or employees prohibited from acquiring interest in projects.
Sec. 18.55.100. Powers of corporation.
Sec. 18.55.110. Cooperation with and aid of federal government.
Sec. 18.55.120. Housing for low-income households.
Sec. 18.55.130. Qualifications of tenants.
Sec. 18.55.140. Issuance of bonds, notes, and refunding bonds.
Sec. 18.55.150. Security for bonds.
Sec. 18.55.160. Limitation of liability on bonds.
Sec. 18.55.170. Exemption from taxes.
Sec. 18.55.180. Issuance and sale of bonds and notes.
Sec. 18.55.187. Independent financial advisor.
Sec. 18.55.200. Additional powers to secure bonds or obligations under leases.
Sec. 18.55.210. Right of obligee of corporation to bring action.
Sec. 18.55.220. Power of corporation to confer upon obligee right to bring action or proceeding.
Sec. 18.55.230. Exemption of real property of corporation from execution or other process.
Sec. 18.55.240. Power of corporation to obtain federal aid and cooperation.
Sec. 18.55.250. Property of corporation exempt from taxes and assessments.
Sec. 18.55.255. Disposal of surplus property.
Sec. 18.55.260. Legality of corporation's bonds as investments.
Sec. 18.55.270. Recommendations for legislation.
Sec. 18.55.280. Public loans or donations to or cooperation with corporation.