Seller/Servicer Memorandum 24-11

Date:  August 30, 2024

From:  Michelle Graves
            Director, Mortgage Operations

SELLING GUIDE REVISIONS: CONTACT UNDERWRITING
(Anchorage Only: 907-330-8400/ Outside Anchorage: 888-854-3884)

Arsenic Advisory 
Utilities – Water & Wastewater Systems
(Section 2001.12.B.1 & 2001.12.B.2)
 

If the city or borough issues a warning that states the level of arsenic in the water exceeds the EPA limit, AHFC will require, at a minimum, a point-of-use filtration system at the kitchen sink.  AHFC recommends installing a whole house or point-of-use filtration system at all sinks.  If the borrower chooses only to do the filtration system at the kitchen sink, AHFC will require a hold harmless from the borrower stating this is what they are choosing to do and they have been made aware of the elevated arsenic levels.