Governor Submits Veterans
January 14, 2010
Governor Sean Parnell transmitted legislation this week to renew
the Veterans Mortgage Loan program. If passed by the Legislature,
voters in the 2010 general election would be asked to approve
$800 million of state-guaranteed bonds. The bonds would be issued
by the Alaska Housing Finance Corporation for the purchase of
mortgage loans made to qualifying military veterans.
Alaska is home to 75,000 veterans. The loan program is designed
to provide the lowest possible interest rates without imposing
income criteria for eligibility.
When veterans bonds were last placed on the general election
ballot, in 2002, voters approved them by more than 70 percent.
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