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Alaska2026Passed Legislature

HB226

HB226: Higher Loan Limit for Lower Interest Rates

Last scannedSep 12, 2026, 4:46 AM

In one sentence

This bill raises the loan amount limit to $400,000 that qualifies for a reduced interest rate on certain Alaska Housing Finance Corporation loans.

What it does

  • Increases the maximum loan portion eligible for lower interest rates to $400,000.
  • Requires annual adjustments of this limit based on inflation in urban Alaska starting July 1 each year using Consumer Price Index data.
  • Applies a standard market interest rate only to any loan amount exceeding the new adjusted limit.

Who it affects

  • Borrowers seeking small community housing loans through AHFC
  • Borrowers seeking multi-family housing loans through AHFC

Limits and unknowns

  • The official text does not state when this bill will officially take effect.
  • This change applies only to loans under specific statutes for small community or multi-family housing.

Plain language

Terms to know

AHFC
Alaska Housing Finance Corporation, the agency managing these loan programs.
Consumer Price Index (CPI)
A measure of inflation used to adjust the $400,000 limit each year for urban Alaska consumers.

Official record

Sources

Validated
Official bill pageIntroduced textCurrent bill text

Official summary

AHFC: REDUCED INTEREST ON CERTAIN LOANS An Act increasing the loan amount that is eligible for lower interest rates on certain Alaska Housing Finance Corporation loans.

Official activity

Bill history

  1. (H) Scheduled but Not Heard -- Delayed to a Call of the Chair --Text
  2. (H) FINANCE at 01:30 PM ADAMS 519Text
  3. (H) Scheduled but Not Heard -- Delayed to 9:00 am --Text
  4. (H) FINANCE at 08:00 AM ADAMS 519Text
  5. (H) Scheduled but Not Heard -- Recessed to a Call of the Chair --Text
  6. (H) FINANCE at 06:00 PM ADAMS 519Text
  7. (H) -- Public Testimony -- -- Delayed to a Call of the Chair --Text
  8. (H) FINANCE at 01:30 PM ADAMS 519Text
  9. (H) -- Public Testimony -- -- Delayed to a Call of the Chair --Text
  10. (H) FINANCE at 09:00 AM ADAMS 519Text
  11. (H) COSPONSOR(S): CARRICK2426
  12. (H) REFERRED TO FINANCE2255
  13. (H) FN1: (REV)2255
  14. (H) NR: VANCE, MCCABE2255
  15. (H) DP: ST. CLAIR, HOLLAND, HIMSCHOOT, STORY, CARRICK2255
  16. (H) STA RPT CS(STA) 5DP 2NR2255
  17. (H) Moved CSHB 226(STA) Out of CommitteeText
  18. (H) STATE AFFAIRS at 03:15 PM GRUENBERG 120Text
  19. (H) -- MEETING CANCELED --Text
  20. (H) STATE AFFAIRS at 03:15 PM GRUENBERG 120Text