Kentucky Legislation Would Create State LIHTC in 2023

Thursday, January 6, 2022 - 1:30pm

Legislation introduced in the Kentucky House of Representatives this week would create a state low-income housing tax credit (LIHTC). H.B. 86 would create the Kentucky affordable housing credit would allow applications beginning Jan. 1, 2023, with an annual statewide ceiling of $12.5 million beginning in 2025. The state credit would be approved for five years, beginning with the first year credits are allocated.

The interaction of state and federal credits will be discussed at the virtual Novogradac 2022 Affordable Housing Developers Conference, Jan. 13-14.