SB 321 KY
AN ACT relating to affordable housing programs established by local governments.
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Summary
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.
Sponsors (2)
- C. Armstrong Democratic · primary
- G. Neal Democratic · primary
Action history (2)
- Mar 2, 2026 introduced in Senate · upper
- Mar 2, 2026 to Committee on Committees (S) · upper
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