KRS 80.140: Authority may acquire land and housing stock.

(1) An authority may acquire by gift, devise, bequest, lease, grant, or purchase lands,

structures, or interests in land necessary for the building of housing, upon terms,

prices, or considerations considered reasonable by the authority and agreed upon

between the authority and the owner. Title to all property acquired by the authority

shall be taken in the corporate name of the authority.

(2) An authority may acquire by gift, devise, bequest, lease, grant, or purchase an

interest in, by means of a partnership, joint venture, or other co -ownership

arrangement, low-income and moderate-income housing stock.