Introduced February 14, 2025
HB583
Log in to followAN ACT relating to housing and making an appropriation therefor.
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; create a new section of KRS Chapter 194A to create the homelessness prevention fund to be administered by the Cabinet for Health and Family Services for continuum of care funds; specify eligible uses and eligible entities; amend KRS…
Plain-language summary
This bill creates several new programs and tax tools aimed at expanding affordable housing in Kentucky, including loan funds for building and repairing homes, a new state tax credit for affordable housing development, and a homelessness prevention fund. It also removes sales tax on new modular and manufactured homes used as primary residences, adds a 1% surcharge on short-term rentals to fund affordable housing, increases how often the property tax homestead exemption adjusts for inflation,…
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Legislative History
Primary Sponsor
Joshua Watkins
Representative · House District 042
Co-sponsors (16)
Lindsey Burke
Representative · House District 075
Chad Aull
Representative · House District 079
Tina Bojanowski
Representative · House District 032
George Brown
Representative · House District 077
Adrielle Camuel
Representative · House District 093
Beverly Chester-Burton
Representative · House District 044
Anne Donworth
Representative · House District 076
Alan Gentry
Representative · House District 046
Erika Hancock
Representative · House District 057
Matthew Lehman
Representative · House District 067
Adam Moore
Representative · House District 045
Rachel Roarx
Representative · House District 038
Sarah Stalker
Representative · House District 034
Pamela Stevenson
Representative · House District 043
Ashley Tackett Laferty
Representative · House District 095
Lisa Willner
Representative · House District 035
Bill Text Versions
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