(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.
Terms Used In Alaska Statutes 18.55.130
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
municipality: means a political subdivision incorporated under the laws of the state that is a home rule or general law city, a home rule or general law borough, or a unified municipality. See Alaska Statutes 01.10.060
(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ability of the family; and(2) the economic factors that affect the financial stability and solvency of the project.(c)[Repealed, Sec. 18 ch 7 SLA 2011].(d)[Repealed, Sec. 18 ch 7 SLA 2011].(e) Nothing in this section or Alaska Stat. § 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 Alaska Stat. § 18.55.120 in case of default by the corporation.
