Alaska Admin. Code tit. 15, § § 15.154.130
Period of use as senior housing
Operative Text
Any housing development assisted with grant funds under this section, shall record a covenant to run with the land that binds the use of the property as senior housing for a minimum of 30 years or the length of time required by an accompanying loan or grant program, whichever is the longest.
Under 15 AAC 150–154 § 15.154.130, any housing development that receives grant assistance under this program must record a formal covenant on the property's title restricting its use to senior housing. This restriction must remain in effect for at least 30 years, or for however long any accompanying loan or grant program requires—whichever period is longer. The covenant travels with the land, meaning it remains binding regardless of future ownership changes.
Plain English — not legal advice.
Operators and developers who receive grant funds under 15 AAC 150–154 § 15.154.130 are expected to record a use-restriction covenant against the property at the time of funding. Compliant operators ensure the covenant specifies the senior-housing designation and reflects the longest applicable restriction period—whether that is the 30-year statutory minimum or a longer term tied to a companion loan or grant. Maintaining accurate title records and monitoring the covenant's expiration date relative to any co-financing obligations are standard practices for properties subject to this provision.
General guidance for property managers — not legal advice for your specific situation. Consult an attorney for advice on your case.
Residents of senior housing developments covered by 15 AAC 150–154 § 15.154.130 benefit from a recorded covenant that legally locks in the property's senior-housing designation for a substantial period. If a property's use appears to be changing in a way that conflicts with this covenant, tenants may look into whether the covenant is properly recorded with the local recording office and may contact the Alaska Housing Finance Corporation or a tenant-rights organization for guidance. Because the covenant runs with the land, it remains enforceable even if the property changes hands during the restriction period.
General guidance for tenants — not legal advice for your specific situation. Consult a tenant-rights organization or attorney for advice on your case.
Generated October 28, 2026 — auto-generated, not yet human-reviewed. See /transparency for methodology.
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