26RS SB 321

Actions

Last Action	03/02/26: to Committee on Committees (S)
Title	AN ACT relating to affordable housing programs established by local governments.
Bill Documents	Introduced
Bill Request Number	2340
Sponsor	C. Armstrong
Summary of Original Version	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 homes by low-income persons; allow local government to assess fines and fees for failure to repay loans as part of a program; create a lien in association with a loan issued under a program and set out priority of the lien.
Index Headings of Original Version	Bonds, Public - Affordable housing, revolving loan fund, local government Housing, Building, And Construction - Local government, affordable housing, revolving loan fund Land Use - Local government, affordable housing, revolving loan fund Liens - Affordable housing, revolving loan fund, local government Loans, Credit, Interest, And Usury - Local government, affordable housing, revolving loan fund Local Government - Affordable housing, revolving loan fund