Working with Kentucky Habitat for Humanity and other partners across the Commonwealth, HHCK is committed to creating a clear vision of home for Kentuckians.
There are federal programs in place to build affordable housing, but they are not enough. That’s why Kentucky should join more than a dozen other states in enacting a state affordable housing tax credit, modeled after the successful federal program developed by Jack Kemp and signed into law by President Reagan. Enacting a state credit is the best way for Kentucky to access hundreds of millions of untapped federal dollars, which in turn will spur the private sector to build additional affordable housing projects across the state.
A state tax credit can be used in both rural and urban areas to build new construction or to preserve and rehabilitate existing affordable housing. It can be used to build affordable housing for special populations such as seniors or special needs tenants, such as substance abuse recovery renters, veterans, minors aging out of foster care and the homeless.
Kentucky began dedicating revenue to this fund in 2006 through a modest deed tax. Twelve years later, this fund is stagnant while construction prices have increased. HHCK advocates for increased funding for Kentucky’s Affordable Housing Trust Fund.
General Fund Appropriation
Kentucky must start investing its state resources into homes - prioritizing the lowest income and most vulnerable in our Commonwealth. HHCK calls for investment from the General Fund to be directed to the state AHTF.