Kentucky SB321 establishes a framework for local governments to create affordable housing programs through revolving loan funds.
Kentucky SB321 creates a new section in the Kentucky Revised Statutes to allow local governments to establish affordable housing programs. These programs involve creating revolving loan funds to issue loans for developing affordable housing projects and for low-income households to repair or renovate their primary residences. The bill outlines the process for establishing these funds, including criteria for selecting loan applicants and the terms of the loans.
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- Critical Issues
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