Missouri Housing Commission approves $1.7 million for disaster recovery

Missouri Housing Commission approves $1.7 million for disaster recovery

Missouri Housing Development Commission (MHDC) has dedicated $1.7 million to provide housing for residents in disaster areas.

May 31, 2011 – (RealEstateRama) — MHDC Chairman Jeffrey S. Bay convened a special meeting on Thursday, May 26, at which the Board of Commissioners approved a proposal to provide housing to Missouri residents who were displaced as a result of recent disasters. The Board unanimously agreed to provide immediate shelter for people who are homeless and to provide assistance to those in imminent danger of becoming homeless.

“We are committed to keeping a roof over the head of every child in Missouri,” says Executive Director Margaret Lineberry. “MHDC is dedicated to ensuring that safe, affordable housing is available to all Missouri citizens.”

The Board also approved the creation of Mo-AID, a program that will help displaced Missourians purchase a replacement home. Mo-AID will be offered to first-time and repeat homebuyers and will provide cash assistance of up to five percent of their first mortgage amount to assist with down payment and closing costs.

To take advantage of the Mo-AID program, Missouri residents who lost homes due to severe weather in Butler, Cape Girardeau, Howell, Jasper, McDonald, Mississippi, New Madrid, Newton, Pulaski, St. Louis County, Scott, Stoddard, Stone, Ripley, or Taney counties who are interested in purchasing a home anywhere in Missouri are encouraged to contact one of MHDC’s certified lenders, who can be found at www.mhdc.com. MHDC’s establishment of this network of lenders allows homebuyers to apply for a mortgage through their local financial institutions.

Media Contact:

Tina Beer, Director of Operations
816.759.6838 or 816.510.5121

3435 Broadway
Kansas City, MO 64111

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