Conference Committee report (1) filed in House and Senate
Summary
The bill lets Kentucky cities or counties set up a Residential Infrastructure Development District when a large housing project (at least five acres and $5 million in costs) is proposed. Developers and property owners sign a petition, and the local government can levy a special assessment that becomes a lien on the property to pay for roads, utilities and land needed for the development. It also establishes a Housing Incentive Payment Program that rewards developers with annual tax‑based payments for up to 7 or 15 years.
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