Missouri real gross domestic product

The record addresses rental housing costs, tenancy, or housing supply relevant to median gross rent. Gross rent includes contract rent and tenant-paid utilities; the record does not determine the statewide median. This relationship does not establish an effect on the displayed statistic; actions after its measurement period cannot explain the earlier value.

Retained Missouri evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

HB 1715 -- WORKFORCE HOUSING TAX INCENTIVES SPONSOR: Sharpe (4) This bill establishes the "Workforce Housing Tax Incentives Program" within the Department of Economic Development. To be eligible for the Program, proposed housing projects must meet at least one of three specified dwelling unit minimums; projects consist of three types of rehabilitation and two project types that relate to greenfield sites. The maximum aggregate amount of tax incentives for a housing project is $1 million. If a housing business qualifies for a higher amount than is allowed, the Department and business can negotiate an apportionment of the reduction in tax incentives between the sales tax refund and the housing investment tax credits as long as the total aggregate amount of incentives does not exceed the amount set by the bill. The incentives must be issued on a first-come, first-served basis until the maximum amount of incentives is reached.

The record addresses rental housing costs, tenancy, or housing supply relevant to median gross rent. Gross rent includes contract rent and tenant-paid utilities; the record does not determine the statewide median. This relationship does not establish an effect on the displayed statistic; actions after its measurement period cannot explain the earlier value.

Retained Missouri evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

HCS HB 1716 -- RURAL WORKFORCE HOUSING SPONSOR: Sharpe (4) COMMITTEE ACTION: Voted "Do Pass with HCS" by the Standing Committee on Economic Development by a vote of 13 to 0 with 1 member voting present. The following is a summary of the House Committee Substitute for HB 1716. This bill establishes the "Rural Workforce Housing Investment Act". A workforce housing grant program is created in the Department of Economic Development (DED) to foster and support the development of workforce housing in rural communities. A nonprofit development organization can apply to DED for approval of a workforce housing grant for a workforce housing investment fund. Grants will be awarded on a competitive basis through 2029. (3) A community or region that exhibits a demonstrated commitment to growing its housing stock; (4) Projects that can reasonably be ready for occupancy in a period of 24 months; and (5) A demonstrated ability to grow and manage a workforce housing investment fund. A nonprofit development organization must: (1) Invest or intend to invest in workforce housing eligible activities; (2) Use any fees, interest, loan repayments, or other funds it receives as a result of the administration of the grant to support qualified activities; and (3) Have an active board of directors with expertise in development, construction, and finance that meets at least quarterly to approve all qualified investments made by the nonprofit development organization. A nonprofit development organization must have a formal plan and proven expertise to invest unused workforce housing investment fund balances and must have an annual audit of all financial records conducted by an independent certified public accountant. This bill creates the "Rural Workforce Housing Investment Fund". The Fund will consist of moneys appropriated to the Fund by the General Assembly and the State Treasurer will be the custodian of the Fund. In the event that a nonprofit development organization fails to engage in the initial qualified activity within 24 months after receiving grant funding, the funds must be returned to DED for credit to the Rural Workforce Housing Investment Fund. If a nonprofit development organization fails to allocate any remaining initial grant funding within 24 months after engaging in initial qualified activity, the unallocated funds will be returned to DED for credit to the Rural Workforce Housing Investment Fund. The Director of DED will have discretion to transfer any unused funds to any qualifying trust or fund before August 28, 2031. Beginning August 28, 2031, any funds held by DED and not designated by the Director to be disbursed to an alternate fund will be transferred to the Missouri housing trust fund. Each nonprofit must submit an annual report to the Director of DED. The annual report must include the following: (1) The name and geographical location of the reporting nonprofit development organization; (2) The number, amount, and type of workforce housing investment funds invested in qualified activities; (3) The number, geographical location, type, and amount of investments made; (4) A summary of matching funds and where the matching funds were generated; and (5) The results of the annual audit. If a nonprofit development organization ceases administration of a Workforce Housing Investment Fund, it must file a final report. If a nonprofit fails to file a complete annual report by February 15th, the Director can impose a civil penalty of $5,000 for the violation. The DED must also be expected to commit itself to: (1) Ensure that grant funds awarded to nonprofit development organizations are targeted to the geographic communities or regions with the most pressing economic and employment needs; and (2) Ensure that the allocation of grant funds provides equitable access to the benefits provided in the bill to all eligible geographical areas. The Department must submit an annual report to the General Assembly and the Governor that includes: (1) The number and geographical location of nonprofit development organizations establishing workforce housing investment funds; (2) The number, amount, and type of workforce housing investment funds invested in qualified activities; and (3) The number, geographical location, type, and amount of investments made by each nonprofit development organization. This bill is similar to HB 245 (2025).

The record addresses rental housing costs, tenancy, or housing supply relevant to median gross rent. Gross rent includes contract rent and tenant-paid utilities; the record does not determine the statewide median. This relationship does not establish an effect on the displayed statistic; actions after its measurement period cannot explain the earlier value.

Retained Missouri evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

HB 240 -- WORKFORCE AND DISASTER RECOVERY HOUSING SPONSOR: Sharpe (4) This bill establishes the "Workforce Housing Tax Incentives Program" within the Department of Economic Development. To be eligible for the program, proposed housing projects must meet at least one of three specified dwelling unit minimums; projects consist of three types of rehabilitation and two project types that relate to greenfield sites. The maximum aggregate amount of tax incentives for a housing project is $1 million. If a housing business qualifies for a higher amount than is allowed, the Department and business may negotiate an apportionment of the reduction in tax incentives between the sales tax refund and the housing investment tax credits as long as the total aggregate amount of incentives does not exceed the amount set by the bill. The incentives must be issued on a first-come, first-served basis until the maximum amount of incentives is reached.

The record addresses rental housing costs, tenancy, or housing supply relevant to median gross rent. Gross rent includes contract rent and tenant-paid utilities; the record does not determine the statewide median. This relationship does not establish an effect on the displayed statistic; actions after its measurement period cannot explain the earlier value.

Retained Missouri evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

HB 245 -- RURAL WORKFORCE HOUSING SPONSOR: Sharpe (4) This bill establishes the "Rural Workforce Housing Investment Act". A workforce housing grant program is created in the Department of Economic Development (DED) to foster and support the development of workforce housing in rural communities. A nonprofit development organization may apply to DED for approval of a workforce housing grant for a workforce housing investment fund. Grants will be awarded on a competitive basis through 2027. (3) A community or region that exhibits a demonstrated commitment to growing its housing stock; (4) Projects that can reasonably be ready for occupancy in a period of 24 months; and (5) A demonstrated ability to grow and manage a workforce housing investment fund. A nonprofit development organization must: (1) Invest or intend to invest in workforce housing eligible activities; (2) Use any fees, interest, loan repayments, or other funds it receives as a result of the administration of the grant to support qualified activities; and (3) Have an active board of directors with expertise in development, construction, and finance that meets at least quarterly to approve all qualified investments made by the nonprofit development organization. A nonprofit development organization must have a formal plan and proven expertise to invest unused workforce housing investment fund balances and must have an annual audit of all financial records conducted by an independent certified public accountant. This bill creates the "Rural Workforce Housing Investment Fund". In the event that a nonprofit development organization fails to engage in the initial qualified activity within 24 months after receiving grant funding, the funds must be returned to DED for credit to the Rural Workforce Housing Investment Fund. If a nonprofit development organization fails to allocate any remaining initial grant funding within 24 months after engaging in initial qualified activity, the unallocated funds will be returned to DED for credit to the Rural Workforce Housing Investment Fund. The Director of DED will have discretion to transfer any unused funds to any qualifying trust or fund before August 28, 2030. Beginning August 28, 2030, any funds held by DED and not designated by the Director to be disbursed to an alternate fund will be transferred to the Missouri Housing Trust Fund. Each nonprofit must submit an annual report to the Director of DED. The annual report must include the following: (1) The name and geographical location of the reporting nonprofit development organization; (2) The number, amount, and type of workforce housing investment funds invested in qualified activities; (3) The number, geographical location, type, and amount of investments made; (4) A summary of matching funds and where the matching funds were generated; and (5) The results of the annual audit. If a nonprofit development organization ceases administration of a Workforce Housing Investment Fund, it must file a final report. If a nonprofit fails to file a complete annual report by February 15th, the Director may impose a civil penalty of $5,000 for the violation. The DED must also be expected to commit itself to: (1) Ensure that grant funds awarded to nonprofit development organizations are targeted to the geographic communities or regions with the most pressing economic and employment needs; and (2) Ensure that the allocation of grant funds provides equitable access to the benefits provided in the bill to all eligible geographical areas. The Department must submit an annual report to the General Assembly and the Governor that includes: (1) The number and geographical location of nonprofit development organizations establishing workforce housing investment funds; (2) The number, amount, and type of workforce housing investment funds invested in qualified activities; and (3) The number, geographical location, type, and amount of investments made by each nonprofit development organization. This bill is the same as HB 2240 (2024).

The record addresses rental housing costs, tenancy, or housing supply relevant to median gross rent. Gross rent includes contract rent and tenant-paid utilities; the record does not determine the statewide median. This relationship does not establish an effect on the displayed statistic; actions after its measurement period cannot explain the earlier value.

Retained Missouri evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

HB 2240 -- RURAL WORKFORCE HOUSING (Sharpe (4)) COMMITTEE OF ORIGIN: Standing Committee on Rural Community Development This bill establishes the "Rural Workforce Housing Investment Act". A workforce housing grant program shall be created in the Department of Economic Development (DED) to foster and support the development of workforce housing in rural communities. Nonprofit development organizations may apply to DED for approval of a workforce housing grant for a workforce housing investment fund. Grants shall be awarded on a competitive basis through 2027. (3) A community or region that exhibits a demonstrated commitment to growing its housing stock; (4) Projects that can reasonably be ready for occupancy in a period of 24 months; and (5) A demonstrated ability to grow and manage a workforce housing investment fund. A nonprofit development organization shall: (1) Invest or intend to invest in workforce housing eligible activities; (2) Use any fees, interest, loan repayments, or other funds it receives as a result of the administration of the grant to support qualified activities; and (3) Have an active board of directors with expertise in development, construction, and finance that meets at least quarterly to approve all qualified investments made by the nonprofit development organization. A nonprofit development organization shall have a formal plan and proven expertise to invest unused workforce housing investment fund balances and shall have an annual audit of all financial records conducted by an independent certified public accountant. This bill creates the "Rural Workforce Housing Investment Fund". In the event that a nonprofit development organization fails to engage in activity within 24 months after receiving grant funding, such funds shall be returned to DED for credit to the Missouri Housing Trust Fund. If a nonprofit development organization fails to allocate any remaining grant funding within 24 months after engaging in initial qualified activity, such unallocated funds shall be returned to DED for credit to the Rural Workforce Housing Investment Fund. The Director of DED shall have discretion to transfer any unused Funds to any qualifying trust or fund before August 28, 2029. Beginning August 28, 2029, any funds held by DED and not designated by the Director to be disbursed to an alternate fund shall be transferred to the Missouri Housing Trust Fund. Each nonprofit shall submit an annual report to the Director of DED. Such annual report shall include the following: (1) The name and geographical location of the reporting nonprofit development organization; (2) The number, amount, and type of workforce housing investment funds invested in qualified activities; (3) The number, geographical location, type, and amount of investments made; (4) A summary of matching funds and where such matching funds were generated; and (5) The results of the annual audit. If a nonprofit development organization ceases administration of a Workforce Housing Investment Fund, it shall file a final report. If a nonprofit fails to file a complete annual report by February 15th, the Director may impose a civil penalty of $5,000 for such a violation. The DED must also be expected to commit itself to: (1) Ensure that grant funds awarded to nonprofit development organizations are targeted to the geographic communities or regions with the most pressing economic and employment needs; and (2) Ensure that the allocation of grant funds provides equitable access to the benefits provided in the bill to all eligible geographical areas; The Department shall submit an annual report to the General Assembly and the Governor that includes: (1) The number and geographical location of nonprofit development organizations establishing workforce housing investment funds; (2) The number, amount, and type of workforce housing investment funds invested in qualified activities; and (3) The number, geographical location, type, and amount of investments made by each nonprofit development organization.

The record addresses rental housing costs, tenancy, or housing supply relevant to median gross rent. Gross rent includes contract rent and tenant-paid utilities; the record does not determine the statewide median. This relationship does not establish an effect on the displayed statistic; actions after its measurement period cannot explain the earlier value.

Retained Missouri evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

HB 2407 -- WORKFORCE HOUSING TAX INCENTIVE SPONSOR: Sharpe (4) This bill establishes the "Workforce Housing Tax Incentives Program" within the Department of Economic Development. The Program defines significant terms, which include "brownfield" and "greenfield" sites and different types of communities and housing projects (Section 620.2022, RSMo.). The maximum aggregate amount of tax incentives for a housing project is $1 million. If a housing business qualifies for a higher amount than is allowed, the Department and business may negotiate an apportionment of the reduction in tax incentives between the sales tax refund and the housing investment tax credits as long as the total aggregate amount of incentives does not exceed amount set by the bill. The incentives must be issued on a first-come, first-served basis until the maximum amount of incentives is reached.

The record addresses rental housing costs, tenancy, or housing supply relevant to median gross rent. Gross rent includes contract rent and tenant-paid utilities; the record does not determine the statewide median. This relationship does not establish an effect on the displayed statistic; actions after its measurement period cannot explain the earlier value.

Retained Missouri evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

HCS HB 921 -- HOUSING DEVELOPMENT COMMISSION SPONSOR: Riggs COMMITTEE ACTION: Voted "Do Pass with HCS" by the Standing Committee on Economic Development by a vote of 9 to 0. Voted "Do Pass" by the Standing Committee on Rules- Legislative Oversight by a vote of 10 to 0. The following is a summary of the House Committee Substitute for HB 921. This bill requires that in agreements with the Missouri Housing Development Commission or if granting state funds, tax credits, or financing or assistance under Sections 215.010 to 215.250, RSMo., the Commission will require that, all other factors being equal, former school buildings be given preference for development. The following is a summary of the public testimony from the committee hearing.

The record addresses eligibility, enrollment, or affordability of health coverage, relevant to the share of people under 65 without insurance. A service-specific benefit or provider-payment rule alone is not a change in insured status. This relationship does not establish an effect on the displayed statistic; actions after its measurement period cannot explain the earlier value.

Retained Missouri evidence context: People under 65 without health insurance. This record’s connection to the topic does not establish an effect on the measured result.

Any appropriation distributed to a municipality for a redevelopment project found to be in violation of this prohibition shall be recaptured by the Department of Economic Development. ELIGIBILITY FOR PUBLIC BENEFITS (Section 208.009) The act creates new eligibility verification requirements for public benefits, specifically including the Supplemental Nutrition Assistance Program (SNAP) and Mo HealthNet. Specifically, only people who are United States citizens, United States Nationals, or meet the definition of an eligible alien and qualified alien under federal law are eligible for public benefits.

The record addresses rental housing costs, tenancy, or housing supply relevant to median gross rent. Gross rent includes contract rent and tenant-paid utilities; the record does not determine the statewide median. This relationship does not establish an effect on the displayed statistic; actions after its measurement period cannot explain the earlier value.

Retained Missouri evidence context: Median gross rent. This record’s connection to the topic does not establish an effect on the measured result.

SB 656 - This act establishes the "Rural Workforce Housing Investment Act", which is a grant program established in the Department of Economic Development for the purpose of supporting the development of workforce housing in rural communities. A nonprofit development organization, as defined in the act, may apply to the Department for approval for a workforce housing grant to establish a workforce housing investment fund. Grants shall be awarded on a competitive basis, and no more than one million dollars shall be awarded to any one nonprofit development organization over a two year period, and no more than two million dollars to any one nonprofit development organization for the period ending on June 30, 2028. If a nonprofit development organization fails to allocate any remaining grant funds to qualified activities within two years of the commencement of initial qualified activity, such organization shall return all unallocated grant funds. Beginning August 28, 2030, the Department shall transfer any remaining grant funds held by the Department to the Missouri Housing Trust Fund. Annual reports shall be filed by all nonprofit development organizations and by the Department, as described in the act.