Introduced

Passed House

Passed Senate

Became law

Adjourned sine die. The bill was pending when the session ended, so it did not pass.

Last action · February 13, 2026

To Appropriations & Revenue (H)

Introduced February 6, 2026

House

Adjourned Sine Die

2026 Regular Session

HB580

AN ACT relating to a first-generation homebuyer trust fund program.

Create new sections of KRS Chapter 198A to define terms; establish a revolving account to be known as the first-generation homebuyer trust fund; establish eligible activities and uses of the trust fund; require Kentucky Housing Corporation to operate a forgivable loan program for eligible first-generation homebuyers applicants, administer the fund, and submit annual reports to the Legislative Research Commission.

Budget and Financial Administration Housing, Building, and Construction Reports Mandated State Agencies

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This bill would create a trust fund and forgivable loan program specifically for first-generation homebuyers in Kentucky, meaning people whose parents did not own a home. The Kentucky Housing Corporation would manage the fund, determine who qualifies, and report annually to the state legislature on how the money is being used. Who it may affect: Kentuckians who are buying a home for the first time and whose parents were not homeowners.

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