Bill > HB2491

This bill modifies Missouri's laws regarding housing subsidies by expanding existing provisions to include senior rental housing projects alongside multifamily rental housing projects. The bill introduces new definitions, including "middle income senior tenant" and "middle income senior unit," which refer to seniors or senior-headed households with incomes between 80% and 125% of the area median income. The legislation requires housing project owners seeking additional subsidies to submit a plan to expand affordability, which includes assessments of how proposed incentives will affect current and future tenants. The bill mandates that housing projects maintain affordable rent levels for low, moderate, and now middle-income senior tenants, with specific requirements for rental unit allocation. Project owners must adhere to various conditions, such as not discriminating against tenants using housing vouchers, seeking to retain financing that expands housing affordability, and submitting annual certifications about unit rents and tenant incomes. The Missouri Housing Development Commission must consult with owners, tenants, local governments, and HUD, and hold a public hearing before granting additional subsidies. Additionally, the commission must notify local elected officials before approving assistance for housing projects with twelve or more units, allowing for a thirty-day comment period.

https://house.mo.gov/Bill.aspx?bill=HB2491&year=2026&code=R