(a) The corporation may authorize commercial use in a multi-unit residential housing development it owns or finances if
Terms Used In Alaska Statutes 18.56.230 v2
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.
Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
(1) the use is not prohibited under (b) of this section; and(2) the total of all commercial uses does not occupy more than a percentage of the space in the multi-unit residential housing development that the corporation has determined is consistent with the corporation’s goal of increasing available affordable housing.(b) The corporation may not authorize the commercial use of space in a multiunit residential housing development owned or financed by the corporation for
(1) a business that offers adult entertainment;(2) the sale of alcoholic beverages, unless the sale is in premises
(A) licensed under a restaurant or eating place license issued by the Alcoholic Beverage Control Board under Alaska Stat. § 04.09.210 or seasonal restaurant or eating place tourism license issued by the Alcoholic Beverage Control Board under Alaska Stat. § 04.09.360; or(B) covered by a restaurant endorsement issued by the Alcoholic Beverage Control Board under Alaska Stat. § 04.09.450;(3) substance abuse treatment; or(4) a business that primarily sells, transfers, or stores cigarettes or tobacco-related products.(c) This section does not require the corporation to authorize commercial use in a multi-unit residential housing development owned or financed by the corporation.(d) In this section,
(1) “business that offers adult entertainment” has the meaning given in AS 23.10.350(f);(2) “cigarette” has the meaning given in AS 18.74.290;(3) “commercial use” includes a business or nonprofit activity conducted by a sole proprietorship, cooperative, corporation, firm, partnership, or other association of persons organized in any manner.
