{"data":{"id":"us-ak/as-18.56.400","jurisdiction":"us-ak","citation":"AS 18.56.400","heading":"Powers of corporation related to housing assistance.","body":"The board may\n(1) adopt regulations in accordance with AS 18.56.088 to implement AS 18.56.400 — 18.56.600;\n(2) make and execute agreements, contracts, and other instruments necessary or convenient in the exercise of the powers and functions granted under AS 18.56.400 — 18.56.600;\n(3) purchase or participate in the purchase of small community housing mortgage loans under AS 18.56.400 — 18.56.600;\n(4) purchase or participate in the purchase of loans for building materials for small community housing under AS 18.56.400 — 18.56.600;\n(5) procure insurance against loss in connection with the corporation's functions under AS 18.56.400 — 18.56.600;\n(6) acquire real or personal property, or an interest in real or personal property, by purchase, transfer, or foreclosure, when the acquisition is necessary or appropriate to protect a loan in which the corporation has an interest; sell, transfer and convey that property to a buyer; and, if the sale, transfer or conveyance cannot be effected with reasonable promptness or at a reasonable price, rent or lease the property to a tenant pending the sale, transfer or conveyance;\n(7) do all acts necessary, convenient, or desirable to carry out the powers expressly granted or necessarily implied in AS 18.56.400 — 18.56.600;\n(8) originate and service direct loans made to qualified buyers under AS 18.56.400 — 18.56.600.","path":["Title 18. Health, Safety, Housing, Human Rights, and Public Defender.","Chapter 56. Alaska Housing Finance Corporation.","Article 2. Housing Assistance."],"source_url":"https://www.akleg.gov/basis/statutes.asp#18.56.400","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:17:20Z","sha256":"08ade9e3dbfb9bb100395d223dcaa9cfacf473f9e61cba3018994330ac557e44","source_id":"us-ak","stale":false,"prev":"us-ak/as-18.56.390","next":"us-ak/as-18.56.410"},"notice":"GroundRules: Original legal text. Not legal advice."}