- Introduced -

SB 774 - This act establishes the lifetime home grant program. Under this act, an additional fee of $1 will be charged on real estate instruments. These additional fees will be deposited in a newly created fund known as the Lifetime Home Fund. This fund shall be administered by the Missouri Housing Development Commission. Beginning January 1, 2005, individuals who build a universally designed lifetime home may apply for a payment from the fund in the amount of $5,000. This act also allows an individual to qualify for a lifetime home grant, up to $5,000, by renovating a qualified existing residence.

This act is similar to SB 580 (2003).

STEPHEN WITTE