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MS HB21

Bill

Status

Failed

3/28/2012

Primary Sponsor

Bryant Clark

Click for details

Origin

House of Representatives

2012 Regular Session

AI Summary

  • 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

  • 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

  • Creates the Mississippi Housing Repair Grant Fund in the State Treasury, with unexpended funds carrying over between fiscal years

  • Authorizes issuance of $50,000,000 in state general obligation bonds to fund the program, with bonds maturing within 25 years

  • 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

Full Bill Text

No bill text available