AN ACT relating to housing, making an appropriation therefor, and declaring an emergency.

This bill would create a new affordable housing loan pool, administered by the Kentucky Housing Corporation, to provide loans for building and repairing affordable housing. It also establishes a new state tax credit tied to affordable housing development and directs $102 million from the state's budget reserve fund toward various affordable housing efforts. The emergency designation means it would take effect immediately if signed into law. Who it may affect: Kentuckians seeking affordable housing, nonprofit and other organizations that build or rehabilitate housing, and developers who may qualify for the new state tax credit.

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