Story Created:
Jan 13, 2010 at 5:11 PM AKDT
Story Updated:
Jan 13, 2010 at 5:11 PM AKDT
Gov. Sean Parnell wants to renew a mortgage loan program for veterans, a plan that will require voters to authorize up to $800 million in state-guaranteed bonds.
First, lawmakers must approve.
Parnell says the proposal would allow for the continuation of guaranteed housing loans for qualified veterans by the Alaska Housing Finance Corporation.
Since the early 1980s, Parnell says, voters have authorized $2.7 billion in state-guaranteed veterans bonds. He says nearly all those bonds have been issued and the measure is needed to keep the program going.
He says the program is meant to provide veterans the lowest possible interest rates without imposing income eligibility requirements.
The bill he proposed cites a figure of $600 million but his spokeswoman says it must be amended.
