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HB 229

Kentucky - Session 26RS

House of Representatives in_committee 2026-01-14
Bill Details

Title: AN ACT relating to housing, making an appropriation therefor, and declaring an emergency.

Summary

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; amend KRS 198A.080 to modify criteria for housing development loan fund, require notice of eligible funds, and allow expenditure of funds for technical and administrative costs; create a new section of KRS Chapter 198A to establish parameters by which the Kentucky Housing Corporation shall review and approve the affordable housing credit; create a new section of KRS Chapter 141 to establish the affordable housing credit; amend KRS 141.0205 to order the credit; amend KRS 131.190 to allow the Department of Revenue to report on the credits; appropriate $102,000,000 from the Budget Reserve Trust Fund account for various affordable housing initiatives; APPROPRIATION; EMERGENCY.

Sponsor
Joshua Watkins
Official Source Back to Bills
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Actions Timeline
Date Event Detail
2026-01-07 Introduced Bill introduced
2026-01-14 Status in_committee
2026-01-14 Latest Action 01/14/26: to Appropriations & Revenue (H)
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