Establishes a workforce housing grant program in rural Missouri to support housing development.
The bill creates a workforce housing grant program within the Department of Economic Development to support housing development in rural communities. Nonprofit development organizations can apply for grants to establish workforce housing investment funds. These funds aim to address housing needs in rural areas with high unemployment and difficulty attracting workers. The program includes annual audits, status reports, and a dedicated fund for workforce housing investments. After August 28, 2031, any unallocated grant moneys will be transferred to the Missouri housing trust fund.
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