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MS HB71
Bill
Status
2/23/2022
Primary Sponsor
Bryant Clark
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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 be 62 years or older (or disabled per Social Security Administration), own at least 50% of their primary residence, 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 as a special non-lapsing fund in the State Treasury to finance the program
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Authorizes issuance of up to $50,000,000 in state general obligation bonds with maximum 25-year maturity to fund the grant program
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Requires grant funds to be allocated among the four congressional districts proportionally based on each district's share of the state's population living below the federal poverty level
Legislative Description
Housing Repair Grant Fund; authorize issuance of bonds to provide funds for grants to low-income individuals for home repairs.
Last Action
Died In Committee
2/23/2022