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MS HB21
Bill
Status
3/28/2012
Primary Sponsor
Bryant Clark
Click for details
AI Summary
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Establishes a housing repair grant program administered by the Department of Finance and Administration to provide grants up to $25,000 per household for significant home repairs
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Eligibility requires applicants to own at least 50% of their primary residence, be age 62 or older or disabled, and have annual income not exceeding $12,000 for single-person households or $16,000 for households of two or more
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Creates the Mississippi Housing Repair Grant Fund in the State Treasury, with unexpended funds carrying over between fiscal years
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Authorizes issuance of $50,000,000 in state general obligation bonds to fund the program, with bonds maturing within 25 years
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Allocates grant funds among Mississippi's four congressional districts proportionally based on the number of residents living below the federal poverty level in each district
Legislative Description
Housing repair grant program; authorize issuance of bonds to provide funds for grants to low income individuals for home repair.
Last Action
Died In Committee
3/28/2012