15 AAC 155.240. Eligible dwelling unit

(a) An existing dwelling unit, other than a newly constructed dwelling unit that has been occupied for less than one year, is eligible for a subsidy under the program for the purchase of an eligible product.

(b) A dwelling unit, newly constructed, not previously mortgaged, and rated according to the Energy Rated Homes of Alaska program described in 15 AAC 155.510 - 15 AAC 155.560 as "four-star plus," "five-star," or "five-star plus," is eligible for a principal buy-down on a loan.

(c) An existing dwelling unit whose energy rating in accordance with the Energy Rated Homes of Alaska program described in 15 AAC 155.510 - 15 AAC 155.560 will be improved by proceeds of a loan is eligible for a principal buy-down on that loan.

(d) A dwelling unit for which a subsidy has been provided under this program or for which a rebate has been provided under the Home Energy Rating Rebate Program in 15 AAC 155.300 - 15 AAC 155.350 is ineligible.

History: Eff. 5/7/93, Register 130

Authority: AS 18.56.088

AS 18.56.410

AS 18.56.850

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