Bill Text | History of Actions | Background | Title |
Description: Mississippi Home Corporation; create affordable housing trust fund administered by.
Bill Text: [Introduced]
| 1 | 01/16 (H) Referred To Ways and Means | |
| 2 | 01/31 (H) Died In Committee |
| Effective date | July 1, 2006 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
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.
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2006/html/History/HB/HB1421.htm