Missouri Revised Statutes
Chapter 215 - State Housing
Section 215.263 - Affordable housing defined, staff to be provided by department of economic development.

Effective - 01 Apr 2011, 2 histories
215.263. Affordable housing defined, staff to be provided by department of economic development. — 1. For purposes of sections 215.261* to 215.263, the term "affordable housing" means all residential structures newly constructed or rehabilitated, which a person earning one hundred fifteen percent or less of the median income for the person's county, as determined by the United States Census Bureau's American Community Survey, based on the most recent of five-year period estimate data in which the final year of the estimate ends in either zero or five, could afford if spending twenty-nine percent of that person's gross income annually on such housing.
2. Clerical, research and general administrative support staff for the commission shall be provided by the Missouri department of economic development.
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(L. 1994 H.B. 1745 § 1 subsecs. 3, 4, A.L. 2010 H.B. 1965)
Effective 4-01-11, see § 135.204
*Section 215.261 was repealed by S.B. 58, 2015.

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Structure Missouri Revised Statutes

Missouri Revised Statutes

Title XII - Public Health and Welfare

Chapter 215 - State Housing

Section 215.010 - Definitions.

Section 215.020 - Commission established, members, qualifications, terms, quorum, compensation.

Section 215.030 - Powers of commission — rulemaking, procedure — commission employee membership in state employees' retirement system.

Section 215.033 - Creation of nonprofit corporation authorized, promotion of housing equity funds, purpose — definitions — powers — board, appointment, members, terms, expenses, personnel — report.

Section 215.034 - Housing trust fund created, purpose — funding — housing development commission, costs how paid, limitation — duties — fund exempt from lapse into general revenue.

Section 215.036 - Housing trust fund to be used for loans or grants for assistance to low-income persons or families — eligible persons.

Section 215.037 - Rental project receiving loan or grant to charge required gross rental rate — gross rental rate to include utilities, occupant paying utilities, rent to be reduced by utility allowance — certification by owner, requirements.

Section 215.038 - Projects eligible for assistance.

Section 215.039 - Housing development commission, powers and duties in administering housing trust fund — report.

Section 215.040 - Fees for insuring loans, use of proceeds.

Section 215.054 - Mental health housing trust fund, created — transfers to the fund, interest, how used — department of mental health to select projects, commission approval — moneys not to lapse — St. Joseph state hospital proceeds, use of funds.

Section 215.060 - Loans made, purchased, when.

Section 215.062 - Weatherization loan program, commission to continue.

Section 215.070 - Debt service reserve fund — deposits to — investment of.

Section 215.080 - Commission to set interest rate.

Section 215.090 - Limited dividend approved — mortgagor's earnings limited — net earnings, how computed.

Section 215.100 - Commission to regulate amortization period.

Section 215.110 - Discrimination prohibited.

Section 215.120 - Issuance of bonds or notes authorized.

Section 215.130 - Resolution authorizing issue of bonds or notes may provide what.

Section 215.140 - Commission members not personally liable on notes or bonds.

Section 215.150 - Redemption of notes and bonds.

Section 215.160 - Indebtedness limited, exception.

Section 215.170 - Default, trustee appointed when, powers of trustee.

Section 215.180 - Venue of action, notice, how given.

Section 215.190 - Notes and bonds, approved securities.

Section 215.200 - Property and obligations of commission tax exempt.

Section 215.210 - Services commission may provide for nonprofit corporations.

Section 215.220 - Commission funds not to inure to private persons, exceptions.

Section 215.230 - Termination or dissolution of commission, effect of.

Section 215.240 - Audit, copies, who shall receive.

Section 215.246 - Grants or loans not awarded without implementation of certain oversight procedures (Kansas City).

Section 215.250 - Repayment of general revenue funds.

Section 215.263 - Affordable housing defined, staff to be provided by department of economic development.

Section 215.300 - Definitions.

Section 215.305 - Law to apply to all multifamily rental housing projects constructed or rehabilitated pursuant to National Housing Act.

Section 215.307 - Owners of multifamily housing projects eligible for additional subsidies, when.

Section 215.309 - Missouri housing commission to review certain records and develop report on subsidizing multifamily rental housing projects, when — content — plans of action to be provided tenants and public.

Section 215.311 - Owners to file request for additional subsidies, form — plan to expand affordability required, content — agreements entered into by commission may include certain incentives.

Section 215.314 - Owner obtaining subsidy must agree to certain requirements including rental rates — certification of rent for each subsidy unit and qualification of tenants to be filed, when — tenant's right to petition for lower rent, when.

Section 215.316 - Public hearing and consultations required before subsidies granted.

Section 215.318 - Agreement to supersede municipal or county ordinances — owners not required to request subsidies.

Section 215.327 - Assistance request for multifamily rental units, commission to notify chief elected official of city or county before approval.