Alaska 34th Alaska State Legislature Status: In Committee 2 D cosponsors

HB 226 — An Act increasing the loan amount that is eligible for lower interest rates on certain Alaska Housing Finance Corporation loans.

Last action — (H) Scheduled but Not Heard -- Delayed to a Call of the Chair --

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the House. Introduced May 12, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the House.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Stalled 18% · moderate confidence

  • In Committee

    Current position in the legislative process.

  • 2 sponsors

    1 primary, 1 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (2 D).

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

This bill increases the loan amount eligible for lower interest rates on certain housing loans in Alaska.

The legislation proposes raising the threshold for loans eligible for lower interest rates under Alaska Housing Finance Corporation programs. Specifically, it changes the limit from $250,000 to $400,000, adjusted annually for inflation.

What this means for you
  • Families: This means families seeking housing loans may benefit from lower interest rates on larger mortgages.

Bill Text

What changed in the latest version

9 added · 15 removed

Plain-language change summary

The amendments to Bill HB 226 change the threshold for loans that have a specific interest rate from $250,000 to $400,000. Originally, any portion of a loan over $250,000 would have its interest rate calculated the same way as lower amounts, but now it only applies to amounts exceeding $400,000. This change matters because it allows for larger loans to be treated differently, potentially benefiting borrowers who need more than $400,000. Additionally, the previous provision for adjusting this threshold annually based on inflation was removed, meaning it will now remain fixed at $400,000 without adjustments.

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34-LS0942\N CS FOR HOUSE BILL NO.
34-LS0942\A HOUSE BILL NO.
226(STA) IN THE LEGISLATURE OF THE STATE OF ALASKA THIRTY-FOURTH LEGISLATURE - SECOND SESSION BY THE HOUSE STATE AFFAIRS COMMITTEE Referred:
226 IN THE LEGISLATURE OF THE STATE OF ALASKA THIRTY-FOURTH LEGISLATURE - SECOND SESSION BY REPRESENTATIVES FOSTER, Carrick Introduced:
Finance Sponsor(s):
5/12/25 Referred:
REPRESENTATIVES FOSTER, Carrick A BILL FOR AN ACT ENTITLED "An Act increasing the loan amount that is eligible for lower interest rates on certain Alaska Housing Finance Corporation loans." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:
State Affairs, Finance A BILL FOR AN ACT ENTITLED "An Act increasing the loan amount that is eligible for lower interest rates on certain Alaska Housing Finance Corporation loans." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:
However, the portion of a loan that exceeds $400,000, adjusted annually for inflation on July 1 of each year based on the percentage increase in the Consumer Price Index for all urban consumers for urban Alaska during the previous calendar year, as determined by the United States Department of HB0226b -1- CSHB 226(STA) New Text Underlined [DELETED TEXT BRACKETED] 34-LS0942\N Labor, Bureau of Labor Statistics, has [INTEREST RATE ON THAT PORTION OF A LOAN THAT EXCEEDS $250,000 IS THE SAME AS] the interest rate determined under AS 18.56.098(f)(1) - (4).
However, the interest rate on that portion of a loan that exceeds $400,000 [$250,000] is the same as the interest rate determined under AS 18.56.098(f)(1) - (4).
CSHB 226(STA) -2- HB0226b New Text Underlined [DELETED TEXT BRACKETED]
HB0226a -1- HB 226 New Text Underlined [DELETED TEXT BRACKETED]
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Action History

  1. (H) Scheduled but Not Heard -- Delayed to a Call of the Chair --

  2. (H) FINANCE at 01:30 PM ADAMS 519

  3. (H) Scheduled but Not Heard -- Delayed to 9:00 am --

  4. (H) FINANCE at 08:00 AM ADAMS 519

  5. (H) Scheduled but Not Heard -- Recessed to a Call of the Chair --

  6. (H) FINANCE at 06:00 PM ADAMS 519

  7. (H) -- Public Testimony -- -- Delayed to a Call of the Chair --

  8. (H) FINANCE at 01:30 PM ADAMS 519

  9. (H) -- Public Testimony -- -- Delayed to a Call of the Chair --

  10. (H) FINANCE at 09:00 AM ADAMS 519

  11. (H) COSPONSOR(S): CARRICK

  12. (H) REFERRED TO FINANCE

  13. (H) FN1: (REV)

  14. (H) NR: VANCE, MCCABE

  15. (H) DP: ST. CLAIR, HOLLAND, HIMSCHOOT, STORY, CARRICK

  16. (H) STA RPT CS(STA) 5DP 2NR

  17. (H) Moved CSHB 226(STA) Out of Committee

  18. (H) STATE AFFAIRS at 03:15 PM GRUENBERG 120

  19. (H) -- MEETING CANCELED --

  20. (H) STATE AFFAIRS at 03:15 PM GRUENBERG 120

  21. (H) Heard & Held

  22. (H) STATE AFFAIRS at 03:15 PM GRUENBERG 120

  23. (H) Heard & Held -- Delayed to 3:45 pm --

  24. (H) STATE AFFAIRS at 03:15 PM GRUENBERG 120

  25. (H) STA, FIN

  26. (H) READ THE FIRST TIME - REFERRALS

Sponsors

Sponsorship breakdown

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1 sponsors · 1 co-sponsors · 63 not signed on

Sponsors (1)

Co-sponsors (1)

Not signed on (63)

63 members have not signed on to this bill.

Show all 63 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors HB 226?
HB 226 is sponsored by Ashley Carrick (D) and Neal Foster (D).
What is the current status of HB 226?
This bill is in committee in the House. Introduced May 12, 2025. It must pass committee before a floor vote.
Where can I track HB 226?
Track HB 226 free on One Click Politics — get push/email alerts when it moves.

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