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Committee backs measure to allow industrial revenue bonds for large multifamily housing
Summary
Senate Bill 25, which would permit use of industrial revenue bonds to finance large multifamily housing projects, was advanced by the House Local Government Committee. Sponsors framed the bill as part of a package to address a state housing shortage.
Senate Bill 25, presented by Sen. Robbie Mills on May 20, was advanced by the House Standing Committee on Local Government with a favorable recommendation. The bill would modify a section of the Kentucky Revised Statutes on revenue bonds to allow industrial revenue bonds to be used for large multifamily housing projects.
Sen. Mills said the bill grew out of work by a housing task force he…
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