Bill > HB69

This bill, declared an emergency measure, creates a new section of law to define "affordable housing" as housing eligible for state or federal funds due to its affordability, "affordable housing funds" as money directly financing the construction, repair, rehabilitation, or rental of such housing for low-income individuals, and "agency" as any governmental entity in Kentucky, including the Kentucky Housing Corporation, that spends these funds. The core provision mandates that any agency using affordable housing funds must allocate at least 90% of those funds to single-family detached homes and no more than 10% to multifamily housing annually, overriding any conflicting grant conditions but not affecting funds used for administrative costs or educational programs. This change is being enacted because the current use of funds is impacting the character of areas traditionally composed of single-family homes.

Government Affairs

https://apps.legislature.ky.gov/record/26RS/hb69.html