Mississippi Legislature
2006 Regular Session

House Bill 1421

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Bill Text

History of Actions

Background

Title

Description: Mississippi Home Corporation; create affordable housing trust fund administered by.

Bill Text: [Introduced]

History of Actions:

1 01/16 (H) Referred To Ways and Means
2 01/31 (H) Died In Committee

Background Information:

Effective dateJuly 1, 2006
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
Vote type requiredMajority

House Committee:

Principal Author: Buck

Additional Authors: Evans, Fredericks, Hines, Holland, Robinson (63rd)

Title: AN ACT TO CREATE THE MISSISSIPPI AFFORDABLE HOUSING TRUST FUND; TO PROVIDE THAT THE TRUST FUND SHALL BE ADMINISTERED BY THE MISSISSIPPI HOME CORPORATION; TO PROVIDE THAT MONEY IN THE TRUST FUND SHALL BE MADE AVAILABLE TO ASSIST THE DEVELOPMENT, REHABILITATION AND PRESERVATION OF AFFORDABLE HOUSING AND FOR OTHER PURPOSES CONSISTENT WITH THIS ACT; TO PROVIDE THE INCOME LEVELS OF PERSON FOR WHOM THE TRUST FUND SHALL BE UTILIZED TO BENEFIT; TO PROVIDE THAT AT LEAST 50% OF THE FUNDS IN THE TRUST FUND EXPENDED IN ANY FISCAL YEAR SHALL BE USED FOR THE PURPOSE OF RENTAL HOUSING DEVELOPMENT OR REHABILITATION; TO PROVIDE THAT A PORTION OF THE MONEY IN THE TRUST FUND MAY BE USED TO MAKE CAPACITY BUILDING GRANTS TO CERTAIN ENTITIES; TO AUTHORIZE LOCAL GOVERNMENTS TO CREATE OR PARTICIPATE IN LOCAL HOUSING TRUST FUNDS OR OTHERWISE PROVIDE FUNDING OR SUPPORT FOR THE PURPOSE OF SUPPORTING AFFORDABLE HOUSING; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 01/31/06 at 18:07.

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