AN ACT relating to housing and making an appropriation therefor.

Create a new section of KRS Chapter 198A to create the affordable housing loan pool fund to be administered by the Kentucky Housing Corporation to provide rehabilitation and construction loans to eligible entities; specify terms and process; create a new section of KRS Chapter 194A to create the homelessness prevention fund to be administered by the Cabinet for Health and Family Services for continuum of care funds; specify eligible uses and eligible entities; amend KRS 198A.080 to modify criteria for housing development loan fund, require notice of eligible funds, and allow expenditure of funds for technical and administrative costs; create new section of KRS Chapter 198A to establish parameters by which the Kentucky Housing Corporation shall review and approve the affordable housing credit; create a new section of KRS Chapter 141 to establish the affordable housing credit; amend KRS 141.0205 to order the credit; amend KRS 131.190 to allow the Department of Revenue to report on the credits; repeal, reenact, and amend KRS 141.437 to reinstate the ENERGY STAR home credit to allow, in addition to prior credits, credit for the construction of an ENERGY STAR multifamily building; repeal, reenact, and amend KRS 141.435 to define terms; repeal, reenact, and amend KRS 141.436 to establish updated requirements for an energy efficiency credit; amend KRS 141.0205 to conform; amend KRS 131.190 to conform; amend KRS 139.480 to exempt the sale or purchase of new modular homes and new manufactured homes from sales and use tax on and after July 1, 2025 and before July 1, 2036 if they are to be used as a single-family residence and permanently affixed to real estate; amend KRS 142.400 to impose a 1% statewide surtax on the rental of accommodations when charged by the owner of the property or by a person facilitating the rental of the property and deposit the receipts from the surtax into the Kentucky affordable housing trust fund; amend KRS 42.580, 142.402, 142.404, 142.406, and 19