The bill amends existing laws related to the Alaska Industrial Development and Export Authority (AIDEA) to include provisions for financing workforce housing development projects. Specifically, it introduces new language that allows AIDEA to provide various means of financing and facilitate the financing of the construction of new workforce housing facilities that contain five or more dwelling units. This addition is reflected in both the purpose and powers sections of the law, emphasizing the authority's role in addressing housing needs alongside its existing economic development functions.

Additionally, the bill updates the definitions related to development projects to include "new workforce housing facilities" as a specific category. This change broadens the scope of projects that AIDEA can support, aligning its financing capabilities with the growing demand for workforce housing in Alaska. The amendments aim to enhance the authority's ability to contribute to the state's economic welfare by addressing housing shortages, thereby promoting employment and overall prosperity.

Statutes affected:
HB0184A, AM HB 184, introduced 04/11/2025: 44.88.070, 44.88.010, 44.88.172, 44.88.080, 44.88.090, 37.15.430, 45.81.020, 37.17.010, 37.17.110, 37.17.200, 37.17.390, 21.80.040, 44.88.060, 42.45.010, 44.88.900
HB0184B, AM CSHB 184(CRA), introduced 05/15/2025: 44.88.070, 44.88.010, 44.88.172, 44.88.080, 44.88.090, 37.15.430, 45.81.020, 37.17.010, 37.17.110, 37.17.200, 37.17.390, 21.80.040, 44.88.060, 42.45.010, 44.88.900