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The Kentucky House on Tuesday voted 74-20 to approve House Bill 18, which would prohibit local governments from enacting legislation that would force landlords to take federal housing vouchers. H ...
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [11])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
Homeless providers say a local ordinance that would make landlords accept third party payments in Fayette County is long overdue and will help tackle Lexington’s homeless problem. But landlords ...
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Kentucky Housing Corporation was created in 1972 as a state housing finance agency by the General Assembly under the Mae Street Kidd Act with a $150,000 appropriation. In 1973, KHC originated its first bond issue totaling $51.2 million and received its first allocation from the United States Department of Housing and Urban Development (HUD) for 623 Section 8 New Construction units totaling $1. ...
The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
Landlords upset about Lexington’s ordinance approached Rep. Ryan Dotson, R-Winchester, and Sen. Stephen West, R-Paris, who both sponsored legislation stopping the local ordinance from taking effect.
The program helped pay past-due rent for one in 10 renters in Fayette County. The pandemic-era program will be out of money come Dec. 1.
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