The General Assembly hereby finds and declares that:

1. (1) Current economic conditions, federal housing policies, and declining resources at the federal, state, and local levels adversely affect the ability of individuals to obtain safe, decent, and affordable rural housing;
2. (2) An increasing number of individuals are homeless, at risk of becoming homeless, or
3. (3) live in overcrowded, inadequate, and unsafe rural housing units; and It is in the public interest to establish a continuously renewable resource known as a rural housing trust fund to assist moderate income individuals in meeting basic housing needs.

Effective: March 24, 2023

History: Created 2023 Ky. Acts ch. 92, sec. 30, effective March 24, 2023.