HomeMy WebLinkAboutRESOLUTION 2000-03Suggested by: Councilwoman 'Swarner
CITY OF KENAI
RESOLUTION NO. 2000-3
A RESOLUTION OF THE COUNCIL OF THE CITY OF KENAI, ALASKA, SUPPORTING
LEGISLATION FOR MORTGAGE LOANS COVERED UNDER THE ALASKA HOUSING
FINANCE CORPORATION HOUSING ASSISTANCE PROGRAM TO BE EQUAL AMONG
ALL GEOGRAPHIC AREAS OF ALAStC~ WITHIN THE SPECIFICATIONS OF THE
FUNDING PROGRAM.
WHEREAS, inequities in the current mortgage lo.an program regulations discriminate
against many small communities in Alaska by offering preferential interest rate loans
outside of the municipal boundaries; and,
WHEREAS, state law treats some citizens unfairly with regard to the opportunity they
may have in financing a new home; and,
WHEREAS, this program causes many cities not to grow or increase their tax base at a
time when both state and local budgets are under fire; and,
WHEREAS, in many cases municipalities offer a variety of'services to their residents
that are not available to those outside the municipality unless special taxes are
enacted, taxes that in most instances cause the homeowner to pay more than is
recovered by the lower interest rate; and,
WHEREAS, many citizens who wish to live inside many of Alaska's municipalities are
not treated on an equal basis with those who prefer a different geographical location for
their home because of interest differentials now allowed.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI,
ALASKA, that it supports legislation for mortgage loan programs under the housing
assistance program of the Alaska Housing Finance Corporation which will create
equality in financing by redefining the definition of a small community to mirror'
USDA/Rural Developments' definition.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, this 19t~ day of January,
2000. .~
ATTEST:
·
Carol L. Freas, City Clerk