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<br />I <br /> <br />I <br /> <br />I <br /> <br />Sponsored by: Janke <br /> <br />CITY OF SEWARD, ALASKA <br />RESOLUTION 2000-016 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEWARD, <br />ALASKA, OPPOSING SB 150 IN ITS PRESENT STATE; AND SUPPORT- <br />ING THE EXPANSION OF THE CURRENT ALASKA HOUSING FINANCE <br />CORPORATION RURAL HOUSING ASSISTANT PROGRAM INTO <br />OTHER GEOGRAPHIC AREAS BY MODIFYING THE SPECIFICATIONS <br />OF THE FUNDING PROGRAM <br /> <br />WHEREAS, the Alaska Housing Finance Corporation has had significant success in rural <br />areas of Alaska under the present rural loan program and has provided mortgage opportunities to <br />those who might not have qualified under other programs, or where alternative lenders were not <br />available; and <br /> <br />WHEREAS, inequities in the current mortgage loan program regulations discriminate <br />against many small communities in Alaska by offering preferential interest rate loans outside ofthe <br />municipal boundaries; and <br /> <br />WHEREAS, this program causes many cities not to grow or increase their tax base at a time <br />when both state and local budgets are under fire; and <br /> <br />WHEREAS, the City of Seward Strategic Plan encourages the construction of residential <br />housing at all market levels inside the city, and supports in-fill development on vacant sites in <br />already established areas of the city; and <br /> <br />WHEREAS, Senate Bill 150, if passed in its proposed form, would eliminate the current <br />rural program and create an economic hardship for the Alaskan resident currently served by this <br />program; and <br /> <br />WHEREAS, the existing proven program should be preserved and further expanded into <br />other rural areas, including municipalities of slightly larger populations, creating similar economic <br />benefits, and better housing opportunities in those areas and communities; and <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY <br />OF SEWARD, ALASKA, that: <br /> <br />Section 1. The City Council opposes SB 150 in its present form, and supports the <br />preservation of the existing Alaska Housing Finance Corporation rural loan program. <br />