HB 802 - Under current law, persons or families are eligible to qualify for assistance from the Missouri Housing Development Commission under the Neighborhood Assistance Act for an affordable housing unit if the household's combined, adjusted gross income of the individual or family is equal to or less than certain statutory percentages of the median family income for the geographic area in which the residential unit is located or the median family income for the state, whichever is larger. Under this act, the current statutory income thresholds are applied to rental units while the act creates more favorable income percentage thresholds for owner-occupied units. The act doubles the current statutory income percentage thresholds for persons residing in owner-occupied units. For example, a one person household making 35% or less of the family median income is eligible for assistance under the Neighborhood Assistance Act for a rental unit, while a one person household making 70% or less of the family median income is eligible for assistance under Neighborhood Assistance Act provided the person resides in a owner-occupied unit. STEPHEN WITTE
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