(A) The city may acquire, establish, and operate, within the city limits, low-cost housing, under the provisions of this subchapter, for the purpose of providing adequate and sanitary living quarters for individuals or families. The city and the Housing Commission hereby created shall have all powers necessary and appropriate to engage in low-cost housing and slum clearance projects.
(B) The Housing Commission, created pursuant to division (A) of this section, may engage in the maintenance and enhancement of adequate housing stock for low-income and moderate-income persons as set forth in this subchapter.
(KRS 80.020)