KRS 80.200: Rentals and tenant selection -- Participation in private and public

developments.

(1) An authority may rent or lease the dwelling accommodations in a housing

development only for housing purposes under this chapter.

(2) An authority may rent or lease to a tenant dwelling accommodations consisting only

of the number of rooms that it deems necessary to provide safe and sanitary

accommodations to the proposed occupants without overcrowding.

(3) The dwellings in any housing development shall be available so lely for housing

purposes under this chapter. Income limits for occupancy and rents shall be fixed by

the authority after taking into consideration:

(a) The family size, composition, age, physical disabilities, and other factors

which might affect the rent-paying ability of the family, and

(b) The economic factors which affect the finance and solvency of the housing

development.

(4) The authority shall issue regulations establishing eligibility requirements, consistent

with the purposes and objectives of th is section, for admission to and continued

occupancy in its developments.

(5) Nothing contained in subsections (1), (2), (3), and (4) of this section shall limit the

power of an authority to vest in an obligee of the authority the right, in the event of

a default by the authority, to take possession of a housing development or cause the

appointment of a receiver thereof, free from all the restrictions imposed by this

section.

(6) An authority may participate in private and public developments not falling wi thin

the definition of "housing," as set forth in KRS 80.010, except that:

(a) An authority may not purchase, divide, or subdivide land except as provided

in this chapter or as set forth in KRS 80.140; and

(b) An authority may not develop, improve, construct upon, sell, or resell any real

property except as provided in this chapter or as set forth in KRS 80.140.