(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.

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Terms Used In Kentucky Statutes 80.200

  • authority: means any housing authority created pursuant to this chapter. See Kentucky Statutes 80.010
  • Housing: means a building or buildings containing rooms to be provided as living quarters, together with shops, stores, garages, laundries, doctors' and dentists' offices, and other facilities and appurtenances deemed reasonably necessary by the housing authority to the successful and economical operation of the project. See Kentucky Statutes 80.010
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • obligee: shall include any bondholder, trustee or trustees for any bondholders, or lessor demising to the authority property used in connection with a housing project, or any assignee or assignees of such lessor's interest or any part thereof, and the federal government when it is a party to any
    contract with the authority. See Kentucky Statutes 80.010

(3) The dwellings in any housing development shall be available solely 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 this 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 within 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.
Effective: July 15, 1996
History: Amended 1996 Ky. Acts ch. 237, sec. 11, effective July 15, 1996. — Amended
1994 Ky. Acts ch. 405, sec. 11, effective July 15, 1994. — Amended 1984 Ky. Acts ch. 226, sec. 6, effective July 13, 1984; and ch. 361, sec. 12, effective July 13, 1984.
— Amended 1970 Ky. Acts ch. 44, sec. 2. — Recodified 1942 Ky. Acts ch. 208, sec.
1, effective October 1, 1942, from Ky. Stat. sec. 927a-14, 2714x-8a.