HB 7
AN ACT relating to housing development districts.
In Plain Language
This bill lets local governments create special housing development districts where they can exempt new residential construction from normal planning and zoning rules. Local governments can accept applications from developers, negotiate payments to incentive them to build homes in these districts, and other local taxing authorities can participate. The state's economic development agency would help promote these districts and report on how they're being used.
Official summary
Create a new section of KRS Chapter 65 to define terms; permit a local government to establish a housing development district by following specified procedure; allow a local government to exempt housing developments within the district from planning and zoning following a public hearing; permit other local taxing authorities to participate in the district; allow a local government to accept applications from developers to construct residential homes within the district; allow a local government to negotiate with a developer whose application it has accepted regarding rates associated with incentive payments to the developer; establish a means by which a developer shall be paid incentive payments by a local government; require area development districts to provide assistance to a local government in establishing a district; require the Cabinet for Economic Development to promote awareness of the district and incentive program and to provide a report to the LRC regarding utilization of the program.
Sponsor
—
Cosponsors
None listed
Latest action
to Local Government (H)
Feb 21, 2025
Official source
Action history
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