15 AAC 155.210. Purpose

The Corporation will, in its discretion, make a home energy loan subsidy grant to subsidize a portion of the interest on a loan from a participating lender to an eligible borrower for the purchase of eligible energy efficiency products and to provide a buy-down of the mortgage on a new dwelling unit or on a loan for the improvement of an existing dwelling unit to encourage energy rating improvement. The Corporation implements the program through written agreements between the Corporation and participating lenders. The purpose of the home energy loan subsidy grant program is to assist people who borrow the money used to provide energy rating improvements to their dwelling units. For people who make energy rating improvements to their dwelling units without borrowing the money to do so, the Corporation has established the home energy rating rebate program in 15 AAC 155.300 - 15 AAC 155.350.

History: Eff. 5/7/93, Register 130

Authority: AS 18.56.088

AS 18.56.410

AS 18.56.850

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