HB273 expands the Alaska Housing Finance Corporation’s (AHFC) role, allowing it to issue or purchase mortgage loans to improve housing affordability, especially in underserved areas. The bill also supports green energy by funding energy-efficient housing and renewable energy projects.
The Alaska State Senate passed HB273 on May 14, 2024 by a vote of 18 to 2. We have assigned pluses to the nays because this bill imposes unnecessary government interference in the housing market, which should naturally determine housing costs. The subsidized loan program unfairly favors certain groups, effectively picking winners and losers, while moving toward socialism by misusing taxpayer funds for subsidized housing. Furthermore, it feeds into “green energy” initiatives based on the discredited “climate change” agenda, diverting resources from market-driven solutions and fiscal responsibility.