AN ACT relating to affordable housing programs established by local governments.

Create a new section of KRS Chapter 65 to define terms; permit a local government to establish a revolving loan program fund to facilitate affordable housing; establish requirements for the fund; permit a local government to use bonding authority to support a fund; establish means and terms of repayment of bonds issued for a fund; permit a local government to use a fund to make loans for development of affordable housing and for rehabilitation of…

Introduced: March 2, 2026

Last action: March 2, 2026

To Committee On Committees (S)

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This bill would allow local governments in Kentucky to create revolving loan funds to support affordable housing. These funds could be used to make loans for building new affordable housing or helping low-income residents repair their homes. Local governments could use bonding authority to support these funds and could charge fines or place liens on properties if loans are not repaid. Who it may affect: low-income homeowners, affordable housing developers, and local governments interested in expanding housing options in their communities.

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