KRS 198A.742: Legislative findings.

The General Assembly hereby finds and declares that:

(1) Current economic conditions, federal housing policies, and declining resources at

the federal, state, and local levels adversely affect the ability of individuals to

obtain safe, decent, and affordable rural housing;

(2) An increasing number of individuals are homeless, at risk of becoming homeless, or

live in overcrowded, inadequate, and unsafe rural housing units; and

(3) It is in the public interest to establish a continuously renewable resource known as a

rural housing trust fund to assist moderate inco me individuals in meeting basic

housing needs.