SCS/SBs 774 & 915 - This act raises the recording fee on certain real estate instruments from $3 to $6. From this additional $3 fee, $1.50 will be placed in the Missouri Housing Trust Fund (for a total of $4.50) and the remaining 50 cents shall be deposited in the recorder's fund. One dollar of the fee increase will credited to the lifetime home grant program which is established by this act. This fund shall be administered by the Missouri Housing Development Commission. Beginning January 1, 2005, individuals who build a universally designed lifetime home may apply for a payment from the fund in the amount of $5,000. This act also allows an individual to qualify for a lifetime home grant, up to $5,000, by renovating a qualified existing residence.
STEPHEN WITTE