Type of Assistance
Grants to organizations providing housing assistance to individuals.
Eligibility Requirements
Developers or non-profit organizations that provide housing and/or related services may apply. Applicants must demonstrate prior, successful housing experience and have the financial capacity to successfully complete and operate the housing and/or service proposed. Provider of services must have qualified and trained staff, and a successful record of providing the proposed services.
Proposed housing proposals must:
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Meet a demonstrated need for housing for very low income persons; |
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Provide housing and related services in compliance with the statute; |
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Leverage Trust Fund dollars with other grants or loans, tax credits, or other forms of subsidy; |
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Provide housing and/or housing services to persons below 50 percent of median income with corresponding rents or fees; |
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Be economically feasible. |
Fund Availability
The Trust Fund is supported by a $3 recording fee on all real estate documents filed in the State of Missouri. The annual funding level depends upon the level of real estate activity.
Application Process
The
Commission sets the schedule annually. Typically, a Notice of Funding
Availability (NOFA) is published during the month of June. The deadline
for proposal submission in September, and recommendations
are made to the Commission in December. The NOFA is sent to all
parties on the Community Initiatives mailing list. The Application Packet is
available on the MHDC web site.
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