KNY INS Rural Housing Trust Fund


On Aug. 30, KNY LEG issued amendment re rural housing trust fund.


  • KNY INS issued an emergency rule to amend Kentucky administrative regulations, KNY LEG 202-2:020E, rural housing trust fund, to amend the qualification criteria.
  • Rural Housing Trust Fund
  • Amended qualification criteria to include single-family project applications for federally declared disaster area or displaced by event triggering a federal disaster declaration.
  • Must be displaced within 24 months of event triggering federal disaster declaration.
  • Applications also ranked by creation of new housing supply, location in rural areas with significant job growth, location in counties shown to have a housing supply gap.
  • Projects given contributions from government, employer/combination of local sources.
  • Consultation
  • Hearing will be held at KNY Housing Corporation on Sep. 23, 2024, those who wish to speak at the hearing should notify the agency in writing 5 workdays prior to hearing.
  • Written comments on proposed administrative regulations are due by Sep. 30, 2024.
  • Effectiveness
  • Emergency rulemaking effective Aug. 6, 2024.

Regulators KNY LEG
Entity Types CNSM; Corp; MG Orig
Reference KNY SR Vol. 467 No. 3 p. 471, RF 202 KAR 2:020E, 8/30/2024; Citation: KNY LEG 202-2:020E;
Functions BCS; Compliance; Legal; Operations; Reporting
Countries United States of America
Category
State
Products Mortgage; Municipal
Regions Am
Rule Type Final
Rule Date 8/30/2024
Effective Date 9/30/2024
Rule Id 224500
Linked to N/A
Reg. Last Update 8/30/2024
Report Section US Consumer

Last substantive update on 09/04/2024