2014
07/28

Category:
Finance

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Low interest rates leave Alaska Housing Finance Corp. high and dry

JUNEAU — The Alaska Housing Finance Corp. is hurting, and what it needs to get better is for Alaskans to pay more for their mortgages.

The state-owned housing agency makes most of its money from its central business of borrowing money on Wall Street and lending it to Alaskans to buy homes. It also finances multifamily developments and public housing projects and carries out missions such as home weatherization funded by the Alaska Legislature.

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