Title XII — PUBLIC HEALTH AND WELFARE

215.010. Definitions. — As used in sections 215.010 to 215.250 unless the context otherwise requires: (1) "Approved mortgagor" shall mean: (a) Any limited-dividend corporation, nonprofit corporation, public housing corporation, public agency, or any combination thereof, formed in…

215.020. Commission established, members, qualifications, terms, quorum, compensation. — 1. There is hereby created and established as a governmental instrumentality of the state of Missouri the "Missouri Housing Development Commission" which shall constitute a body corporate and…

215.030. Powers of commission — rulemaking, procedure — commission employee membership in state employees' retirement system. — 1. The commission is hereby granted, has and may exercise all powers necessary or appropriate to carry out and effectuate its purpose, including but not…

215.033. Creation of nonprofit corporation authorized, promotion of housing equity funds, purpose — definitions — powers — board, appointment, members, terms, expenses, personnel — report. — 1. The Missouri housing development commission is hereby granted all powers necessary to …

215.034. Housing trust fund created, purpose — funding — housing development commission, costs how paid, limitation — duties — fund exempt from lapse into general revenue. — 1. The "Missouri Housing Trust Fund" is hereby established in the state treasury. At the conclusion of eac…

215.036. Housing trust fund to be used for loans or grants for assistance to low-income persons or families — eligible persons — natural disaster exemption. — 1. Housing trust fund moneys shall be used to financially assist, in whole or in part by loans or grants, the development…

215.037. Rental project receiving loan or grant to charge required gross rental rate — gross rental rate to include utilities, occupant paying utilities, rent to be reduced by utility allowance — certification by owner, requirements. — 1. Any rental project or development receivi…

215.038. Projects eligible for assistance. — The following are projects eligible for assistance under sections 215.034 to 215.039: (1) Limited equity cooperatives in multifamily units, which shall be considered rental housing, and the monthly cooperative fee shall be considered t…

215.039. Housing development commission, powers and duties in administering housing trust fund — report. — 1. In administering the Missouri housing trust fund, the Missouri housing development commission may, in its discretion, enter into agreements with municipal or county gover…

215.040. Fees for insuring loans, use of proceeds. — The commission shall charge a reasonable fee on all loans not federally insured to insure said loans. The proceeds of said fees shall be deposited in a separate fund to be known as the "Housing Insured Loan Fund". This fund sha…

215.054. Mental health housing trust fund, created — transfers to the fund, interest, how used — department of mental health to select projects, commission approval — moneys not to lapse — St. Joseph state hospital proceeds, use of funds. — 1. The commission shall administer, in …

215.060. Loans made, purchased, when. — 1. The commission may make mortgage loans for the construction and rehabilitation of such residential housing as in the judgment of the commission has promise of supplying well-planned, well-designed housing for low and moderate income pers…

215.062. Weatherization loan program, commission to continue. — The Missouri housing development commission, or its successor agency, shall continue to implement the home improvement and weatherization loan program which was in effect prior to June 18, 1991. The commission may co…

215.070. Debt service reserve fund — deposits to — investment of. — The commission may establish a special fund to be known as the "Debt Service Reserve Fund", and shall pay into such debt service reserve fund: (1) Any moneys appropriated and made available by the state for the p…

215.080. Commission to set interest rate. — The commission may set from time to time the interest rates at which it shall make loans, keeping its interest rates at the lowest level consistent with the commission's cost of operation and its responsibilities to the holders of its b…

215.090. Limited dividend approved — mortgagor's earnings limited — net earnings, how computed. — With respect to an approved mortgagor which is a limited dividend corporation, the net earnings of such approved mortgagor shall be limited to an amount not to exceed a percentage pe…

215.100. Commission to regulate amortization period. — The ratio of loan to project cost and the amortization period of loans made by the commission shall be determined in accordance with regulations formulated and published by the commission. ­­-------- (L. 1969 H.B. 130 § 15)

[Repealed or reserved.]

215.120. Issuance of bonds or notes authorized. — 1. The commission may from time to time issue its negotiable revenue bonds or notes in such principal amount, as, in the opinion of the commission, shall be necessary to provide sufficient funds for achieving its corporate purpose…

215.130. Resolution authorizing issue of bonds or notes may provide what. — A resolution of the commission authorizing the issuance of any notes or bonds or any issue thereof under sections 215.010 to 215.250 may provide for: (1) Pledging all or any part of the fees and charges m…

215.140. Commission members not personally liable on notes or bonds. — No member of the commission or any authorized person executing the notes or bonds shall be liable personally on the notes or bonds or be subject to any personal liability or accountability by reason of the iss…

215.150. Redemption of notes and bonds. — The commission, subject to the terms of any agreements with noteholders or bondholders as may then exist, shall have power out of any funds available therefor and not otherwise committed, to purchase notes or bonds of the commission which…

215.160. Indebtedness limited, exception. — The commission shall not have outstanding at any one time bonds and notes for any of its purposes in an aggregate principal amount exceeding two hundred million dollars, excluding bonds and notes issued to refund outstanding bonds and n…

215.170. Default, trustee appointed when, powers of trustee. — 1. If the commission defaults in the payment of principal or interest on any issue of notes or bonds after the same shall become due, whether at maturity or upon call for redemption, and such default continues for a p…

215.180. Venue of action, notice, how given. — The venue of any action or proceeding brought by the trustee under section 215.170 shall be in Cole County. Before declaring the principal of notes or bonds due and payable, the trustee shall first give thirty days' notice in writing…

215.190. Notes and bonds, approved securities. — The notes and bonds of the commission are securities in which all public officers and bodies of this state and all municipalities and municipal subdivisions, all insurance companies and associations, and other persons carrying on a…

215.200. Property and obligations of commission tax exempt. — The commission shall not be required to pay any taxes and assessments to the state of Missouri, or any county, municipality or other governmental subdivision of the state of Missouri, upon any of its property or upon i…

215.210. Services commission may provide for nonprofit corporations. — The commission is authorized to provide to nonprofit corporations such advisory, consultative, training and education services as will assist them to become owners of housing constructed or rehabilitated under…

215.220. Commission funds not to inure to private persons, exceptions. — No part of the funds of the commission shall inure to the benefit of or be distributable to its members or officers or other private persons except that the commission shall be authorized and empowered to pa…

215.230. Termination or dissolution of commission, effect of. — Upon termination or dissolution, all rights and properties of the commission, including the housing development fund, shall pass to and be vested in the state of Missouri, subject to the rights of lienholders and oth…

215.240. Audit, copies, who shall receive. — The commission shall cause an annual audit to be made by an independent certified public accountant of its books, accounts, and records, with respect to its receipts, disbursements, contracts, mortgages, leases, assignments, loans and …

215.246. Grants or loans not awarded without implementation of certain oversight procedures (Kansas City). — Beginning July 1, 2006, the commission shall not award grants or loans to any home rule city with more than four hundred thousand inhabitants and located in more than one …

215.250. Repayment of general revenue funds. — Any funds appropriated from general revenue for the administrative cost of operating the state housing development commission shall be reimbursed by the commission to general revenue as funds become available to the commission. ­­---…

215.263. Affordable housing defined, staff to be provided by department of economic development. — 1. For purposes of sections 215.261* to 215.263, the term "affordable housing" means all residential structures newly constructed or rehabilitated, which a person earning one hundre…

215.300. Definitions. — As used in sections 215.300 to 215.318, the following terms mean: (1) "Additional subsidies", subsidies provided by the Missouri housing development commission to the owner of a subsidized multifamily rental housing project pursuant to section 215.311; (2)…

215.305. Law to apply to all multifamily rental housing projects constructed or rehabilitated pursuant to National Housing Act. — The provisions of sections 215.300 to 215.318 shall apply to all multifamily rental housing projects in any city or town in this state constructed or …

215.307. Owners of multifamily housing projects eligible for additional subsidies, when. — Any owner of a multifamily housing project subject to the provisions of sections 215.300 to 215.318 which is or will become eligible for mortgage prepayment without the prior approval of th…

215.309. Missouri housing commission to review certain records and develop report on subsidizing multifamily rental housing projects, when — content — plans of action to be provided tenants and public. — 1. The Missouri housing development commission shall review HUD, state, and …

215.311. Owners to file request for additional subsidies, form — plan to expand affordability required, content — agreements entered into by commission may include certain incentives. — 1. An owner of a multifamily rental housing project seeking additional subsidies for the prope…

215.314. Owner obtaining subsidy must agree to certain requirements including rental rates — certification of rent for each subsidy unit and qualification of tenants to be filed, when — tenant's right to petition for lower rent, when. — The Missouri housing development commission…

215.316. Public hearing and consultations required before subsidies granted. — Prior to entering agreements to grant additional subsidies to the owner of a subsidized multifamily rental housing project, the Missouri housing development commission shall consult with the owner, the…

215.318. Agreement to supersede municipal or county ordinances — owners not required to request subsidies. — 1. The provisions of any agreement to grant additional subsidies to an owner shall supersede any municipal or county ordinance covering the same subject matter. 2. Nothing…

215.327. Assistance request for multifamily rental units, commission to notify chief elected official of city or county before approval. — After August 28, 1994, before the commission approves any assistance for multifamily rental housing of twelve or more units, the commission s…