Bill > HB438

This bill establishes a housing repair grant program administered by the Department of Finance and Administration to provide financial assistance to low-income individuals for significant home repairs. The program will offer grants up to $25,000 per household to eligible applicants who: own at least 50% of their primary homestead, are 62 years or older or disabled, and have an annual income of $12,000 or less for a single-person household, or $16,000 or less for households with two or more people. Applicants must submit an application detailing the proposed repairs and their estimated cost. The state will create a special "Mississippi Housing Repair Grant Fund" and authorize the issuance of $50 million in state general obligation bonds to support the program. The funds will be allocated proportionally across Mississippi's four congressional districts based on the number of residents living below the federal poverty level. The bonds will have a maximum maturity of 25 years, and the program is set to begin on July 1, 2025, providing a structured approach to addressing home repair needs for low-income, elderly, and disabled homeowners in Mississippi.

Housing and Urban Affairs

https://billstatus.ls.state.ms.us/2025/pdf/history/HB/HB0438.xml