House Bill 411

Actions | Amendments
Last Action to Economic Development, Tourism & Labor (S)
Title AN ACT relating to the distribution of federal low-income housing tax credits.
Bill Documents Bill
Impact Statements Local Mandate
Bill Request Number 491
Sponsor A. Simpson
Summary of Original Version Create a new section of KRS Chapter 198A to require an applicant for the federal low-income housing tax credit to notify the local government wherein the project is located that an application has been forwarded to the Kentucky Housing Corporation; require the local government to advertise the fact that an application has been submitted and that a public hearing shall be convened on the project by the Kentucky Housing Corporation if requested by an interested party; create a new section of KRS chapter 198A to effect the requirements and to require the Kentucky Housing Corporation to devise a method of providing additional scoring consideration for projects that are received favorably in the community; require the Kentucky Housing Corporation to promulgate administrative regulations relating to these requirements.
Index Headings of Original Version Taxation, Income--Individual - Federal low-income housing tax credit, application process
Housing, Building, and Construction - Kentucky Housing Corporation, federal low-income housing tax credit, application process
Local Government - Federal low-income housing tax credit, application process
Poverty - Housing, federal low-income housing tax credit, application process
Property - Housing, federal low-income housing tax credit, application process
Public Authorities - Kentucky Housing Corporation, federal low-income housing tax credit, application process
Cities - Federal low-income housing tax credit, application process
Counties - Federal low-income housing tax credit, application process
Local Mandate - Kentucky Housing Corporation, federal low-income housing tax credit, application process
Proposed Amendments House Committee Substitute 1
Votes Vote History

Actions

Top | Amendments
02/16/16
  • introduced in House
02/17/16
  • to Appropriations & Revenue (H)
02/29/16
  • reassigned to Local Government (H)
03/03/16
  • posted in committee
03/09/16
  • reported favorably, 1st reading, to Calendar with Committee Substitute (1)
03/10/16
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Friday, March 11, 2016
03/14/16
  • 3rd reading, passed 90-3 with Committee Substitute (1)
03/15/16
  • received in Senate
03/18/16
  • to Economic Development, Tourism & Labor (S)

Proposed Amendments

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Amendment House Committee Substitute 1
Impact Statements Local Mandate
Summary Create a new section of KRS Chapter 198A to require a person applying to the Kentucky Housing Corporation for a reservation of federal low income housing tax credits to notify the chief executive officer of a local government of that fact; require a notice be placed on a local government website or be published, pursuant to KRS Chapter 424, advising the public of the project for which the person is applying for a tax credit and of the requirement of the local government to convene a public hearing if requested; set conditions for the advertisement and public hearing; require the local government to send a summary of the meeting to the corporation; provide that the failure of the local government to advertise does not prohibit the corporation from reviewing applications; create a new section of KRS Chapter 198A requiring the Kentucky Housing Corporation to establish a method of considering factors, such as the public's input as submitted by the local government upon the conclusion of a public hearing as it relates to the project, location and density of affordable housing, and the disparate impact of the placement of the affordable housing; require the method to be set out in the corporation's yearly allocation plan; establish consequences if applicants fail to notify local governments.
Index Headings Taxation, Income--Individual - Federal low-income housing tax credit, application process
Housing, Building, and Construction - Kentucky Housing Corporation, federal low-income housing tax credit, application process
Local Government - Federal low-income housing tax credit, application process
Poverty - Housing, federal low-income housing tax credit, application process
Property - Housing, federal low-income housing tax credit, application process
Public Authorities - Kentucky Housing Corporation, federal low-income housing tax credit, application process
Cities - Federal low-income housing tax credit, application process
Counties - Federal low-income housing tax credit, application process
Local Mandate - Kentucky Housing Corporation, federal low-income housing tax credit, application process

Last updated: 1/16/2019 3:08 PM (EST)