Bill > HB577

This bill modifies Missouri state law regarding housing subsidies for multifamily and senior rental housing projects by expanding definitions and creating new provisions for income-based housing assistance. The bill introduces a new category of "middle income senior tenants," defined as persons aged 62 or older with incomes between 80% and 125% of the area median income, and creates a corresponding "middle income senior unit" classification. The legislation requires that housing projects receiving additional subsidies maintain a specific mix of affordable units: for standard multifamily projects, 40% of available units must be affordable to low-income tenants and 60% to moderate-income tenants; for senior rental housing projects, 30% of units must be affordable to low-income tenants, 30% to moderate-income tenants, and 40% to middle-income senior tenants. The bill mandates that project owners cannot increase rents more than once per year and must not discriminate against tenants using housing vouchers or public assistance. Additionally, the Missouri Housing Development Commission must consult with owners, tenants, local governments, and HUD before granting subsidies, and must hold a public hearing to consider affordability expansion. The legislation aims to preserve affordable housing options for seniors and lower-income residents while providing flexibility for housing project owners.

https://house.mo.gov/Bill.aspx?bill=HB577&year=2025&code=R