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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. ...
Kentucky Gov. Andy Beshear said Monday that a rental housing shortage has gnawed at him since the recovery began from a terrifying tornado outbreak that hit western parts of the state in late 2021.
t. e. The Low-Income Housing Tax Credit (LIHTC) is a federal program in the United States that awards tax credits to housing developers in exchange for agreeing to reserve a certain fraction of rent-restricted units for lower-income households. [1] The program was created under the Tax Reform Act of 1986 (TRA86) to incentivize the use of ...
During her tenure in elective office, she was known for her sponsorship of landmark legislation. House Bill No. 27 which became law in 1972 created the Kentucky Housing Corporation (KHC) which promotes and finances low-income housing in the state. In 1974, this particular bill was officially designated as the "Mae Street Kidd Act."
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The National Low Income Housing Coalition (NLIHC) is a non-profit organization dedicated to ending America's affordable housing crisis. It aims to expand and preserve housing for people with extremely low incomes. [1][2] NLIHC provides current information and data on affordable housing, and formulates policy and increases awareness on housing ...
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