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Affordable Housing

by jerry — last modified May-09-2006 03:43 PM
Every Kentuckian should have access
to safe and affordable housing!

KFTC joined with the Kentucky Housing and Homeless Coalition and other groups in working to make sure every Kentuckian has access to safe and affordable housing by providing adequate resources to the Affordable Housing Trust Fund. KFTC endorsed House Bill 338 in order to provide a permanent source of funding for local and a statewide affordable housing programs.

House Bill 338

KFTC's position: FOR

Summary

Reps. Jim Wayne, Charlie Siler and 40 cosponsors introduced House Bill 338. It called for increasing mortgage transaction fees by $20 with the revenue going to the Kentucky Affordable Housing Trust Fund. In addition, the bill would have allowed county governments to establish local affordable housing trust programs and fund these through an added fee of not more than $10 on mortgage transactions.

History

The original HB 338 was amended and passed by the House Local Government Committee on Feb. 14. The amended bill reduced the $20 fee to $10 but provided additional funding for affordable housing programs through the collection of delinquent property taxes. The bill easily passed the committee. Because of its fiscal impact, HB 338 was also considered and approved by the House Appropriations & Revenue Committee. On February 23, HB 338 passed the full House by an 83-15 margin.

HB 338 went to the Senate where it stalled in the Senate Banking & Insurance Committee because of the opposition of Senate President David Williams.

On March 21 the House Licensing & Occupations Committee added the provisions of HB 338 to Senate Bill 43, legislation having to do with real estate brokers. Finally, through House and Senate negotiations, an agreement was reached to allocate $1 from a fee collected by county clerks to go to the Affordable Housing Trust Fund. This will generate about $4.3 million annually rather than the $10 million in the original bill. No wording was included to authorize local affordable housing programs.

Action

Contact HB 338 chief sponsors Reps. Jim Wayne and Charlie Siler, as well as other cosponsors (see list below) and thank them for their support of affordable housing programs.

HB 338 co-sponsors: Reps. Jim Wayne, Charlie Siler, Carolyn Belcher, Tom Burch, Denver Butler, Mike Cherry, Larry Clark, Hubert Collins, Jesse Crenshaw, Mike Denham, Ted Edmonds, Bill Farmer, Derrick Graham, J.R. Gray, Keith Hall, Charlie Hoffman, Dennis Horlander, Joni Jenkins, Dennis Keene, Jimmie Lee, Mary Lou Marzian, Tom McKee, Charles Meade, Reginald Meeks, Charles Miller, Rick Nelson, Steve Nunn, Darryl Owens, Ruth Ann Palumbo, Don Pasley, Tanya Pullin, Steve Riggs, Tom Riner, Brandon Smith, Kathy Stein, Tommy Thompson, Mike Weaver, Robin Webb, Ron Weston, Susan Westrom, Rob Wilkey, Brent Yonts

Click here to download a copy of HB 338.