To repeal sections 215.316 and 215.327, RSMo 1994, relating to housing, and to enact in lieu thereof two new sections relating to the same subject.

BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF MISSOURI,

AS FOLLOWS:

Section A. Sections 215.316 and 215.327, RSMo 1994, are repealed and two new sections enacted in lieu thereof, to be known as sections 215.316 and 215.327, to read as follows:

215.316. Prior to entering [agreements] into any agreement to grant new or additional subsidies to the owner of [a] any subsidized multifamily rental housing [project] projects involving more than one hundred twenty-five thousand dollars in subsidies, including tax credits, the Missouri housing development commission shall consult with the owner, the tenants, the local [government] governments, including any city and county in which the project is located, and [HUD and] the Missouri Housing Development Commission shall hold a public hearing in the jurisdiction in which the project is located, to receive public input as to whether that project represents the best use of public funds. The commission shall publish notice of the public hearing in a newspaper of general circulation, which is printed more than twenty-four times a year and which has a circulation of ten thousand or more or is the newspaper of largest circulation in the city or county where the project is located. The notice must be at least twelve column inches in size and shall be published at least fourteen days and not more than thirty days before the public hearing. The public hearing must occur before the commission may enter into an agreement. The Missouri housing development commission shall give due consideration to any comments submitted by the tenants and the local government with regards to the expansion of affordability.

215.327. After August 28, 1994, before the commission approves any assistance for multifamily rental housing [of twelve or more units] projects involving more than one hundred twenty-five thousand dollars in subsidies, including tax credits, the commission shall notify the chief elected official of the city or, if not within a city, notify the chief elected official of the county in which proposed site is located, of the request to the commission for assistance for multifamily rental housing and invite written comments from the chief elected official of the city or county within thirty days before taking action on the assistance request. A public hearing shall be held in accordance with the provisions of section 215.316.