AN ACT relating to affordable housing.

Create a new section of KRS Chapter 198A to create the abandoned home pool fund to be administered by the Kentucky Housing Corporation to purchase and improve vacant and abandoned homes for rental to eligible individuals and families; specify application process and criteria.

Introduced: February 4, 2025

Last action: February 7, 2025

To Appropriations & Revenue (H)

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This bill would create a new fund, called the abandoned home pool fund, managed by the Kentucky Housing Corporation. The fund would be used to buy and fix up vacant and abandoned homes, then make them available to rent for people and families who qualify. This could help address housing availability by bringing empty properties back into use as affordable rentals. Who it may affect: renters and low-income individuals and families seeking affordable housing options.

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