Bill > SB4

This bill modifies the Missouri Housing Trust Fund to allow for expedited disbursement of emergency aid funds during presidential disaster declarations. Specifically, when the governor files a request for a presidential disaster declaration, funds in the Missouri Housing Trust Fund designated for emergency aid can be immediately transferred to the Missouri Housing Development Commission, bypassing typical administrative requirements like allocation plans and public hearings. The bill creates a special provision for disaster relief that temporarily suspends existing income eligibility restrictions, allowing households with up to 75% of the area's median family income to receive assistance, compared to the previous more restrictive income limits. The bill also emphasizes the urgent nature of providing housing assistance to families affected by natural disasters, declaring it an emergency act that goes into effect immediately upon passage. This change aims to streamline the process of providing housing support during crisis situations, reducing bureaucratic barriers that might delay critical aid to displaced or vulnerable populations.

Budget and Finance, Government Affairs

https://www.senate.mo.gov/25info/BTS_Web/Bill.aspx?SessionType=E1&BillID=18267450