The bill amends existing laws governing 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 for 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 definition of "development project" to include new workforce housing facilities, thereby expanding the scope of projects that AIDEA can support. The changes aim to enhance the authority's ability to contribute to the economic welfare of the state by addressing the critical issue of workforce housing, which is essential for attracting and retaining employees in various sectors. Overall, the bill seeks to bolster AIDEA's financing capabilities to support both economic development and housing initiatives in Alaska.

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