Introduced

Passed Senate

Passed House

Became law

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

Last action · March 2, 2026

To Committee On Committees (S)

Introduced March 2, 2026

Senate

Adjourned Sine Die

2026 Regular Session

SB321

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…

Bonds, Public Housing, Building, and Construction Land Use Liens Loans, Credit, Interest, And Usury Local Government

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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, and could be backed by local government bonds. Local governments could also charge fines and place liens on properties if borrowers fail to repay the loans. Who it may affect: low-income homeowners seeking repair assistance, affordable housing developers, and local governments interested in expanding housing programs.

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