HB229
Log in to followAN ACT relating to housing, making an appropriation therefor, and declaring an emergency.
Create a new section of KRS Chapter 198A to create the affordable housing loan pool fund to be administered by the Kentucky Housing Corporation to provide rehabilitation and construction loans to eligible entities; specify terms and process; amend KRS 198A.080 to modify criteria for housing development loan fund, require notice of eligible funds, and allow expenditure of funds for technical and administrative costs; create a new section of KRS Chapter 198A to establish parameters by…
Introduced: January 7, 2026
Last action: January 14, 2026
Plain-language summary
This bill would create a new loan fund of $102 million to support building and repairing affordable housing across Kentucky, managed by the Kentucky Housing Corporation. It also establishes a new state tax credit tied to affordable housing development and updates existing rules for how related housing loan funds are managed and reported. Who it may affect: Kentuckians seeking affordable housing, nonprofit and private developers who build or rehabilitate housing, and local organizations involved in housing development.
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