Section 21 Missouri Housing Development Commission
| Library | Urban Development Subdivisions, and Annexations (2011 Ed.) |
The General Assembly enacted the MHDC (Missouri Housing Development Commission) law in 1969 in response to diminished federal financial assistance for low- and moderate-income housing. Sections 215.010–215.250, RSMo 2000 and Supp. 2010. The MHDC provides assistance to developers of multi- and single-family housing and also provides assistance for housing rehabilitation. The assistance is not limited to economically distressed areas.
The MHDC cooperates with private and public developers by making financing available at below-market interest rates through loans, bonds, and...
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