SB 1184 - This act modifies provisions relating to the Missouri Housing Trust Fund.FEES FOR RECORDING OF INSTRUMENTS (Section 59.319)
Under current law, a user fee of four dollars is charged for the recording of any instrument with the county recorder of deeds. An additional fee of three dollars is charged for the recording of certain instruments, such as deeds, mortgages, conveyances, and deeds of trust, which is then deposited in the Missouri Housing Trust Fund. The county recorder of deeds collects these fees and remit them to the Department of Revenue.
This act changes the additional fee for the recording of these certain instruments from three dollars to nine dollars.
HOUSING TRUST FUND (Section 215.036)
Under current law, the money in the Missouri Housing Trust Fund is used to financially assist households with a combined adjusted gross income equal to or less to certain percentages of the median family income for the geographical area.
This act modifies these provisions to include households with a combined adjusted gross income equal to or less than 50% of the median family income to be eligible for financial assistance for housing. This act also provides that households with a combined adjusted gross income equal to or less than 30% shall be eligible for financial assistance for certain residential occupancy projects. Finally, this act requires that no less than 50% of the funds shall be allocated to rental support projects.
This act is identical to SB 284 (2023), SB 914 (2022), and SB 368 (2021).
MARY GRACE PRINGLE