NEWS: Rep. Holmes Bill to Bolster Alaska’s Housing Economy Now Law
May 22, 2012
“We need to take charge to guarantee Alaska’s housing market stays strong”
This afternoon, the governor signed HB 269, a bill by Representative Lindsey Holmes (D-Anchorage) that ensures housing projects in the state can keep moving forward.
Before this fix, an unintended glitch in state law could cause projects to stall out if their timeline ran a little too long. The obsolete provision was adopted in 1986 but has been updated nationally since 1994. HB 269 updates Alaska’s law to the national standard. The bill is widely supported by banks, trust companies, and homebuilders in Alaska.
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