For premises located in a multi-unit residential housing development owned or financed by the Alaska Housing Finance Corporation, the board may issue a new license under AS 04.11.320, renew a license under AS 04.11.330, or approve a request for relocation under AS 04.11.340 if the Alaska Housing Finance Corporation authorizes the use under AS 18.56.230 and
(1) the license is for a restaurant or eating place under AS 04.11.100; or
(2) the premises are designated by the board as a restaurant under AS 04.16.049.
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