Committee Hears Bill to Create Revolving Fund for Rural Workforce Housing; Sponsor Cites Pilot Success
Rep. Greg Sharp’s HB1716 would establish a revolving grant program to fund nonprofit-led workforce housing in communities under 50,000. Supporters said a $1 million pilot in Northeast Missouri helped build 13 homes and leveraged local matches and co-op financing; opponents raised concerns about government role and taxpayer impact.
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Representative Greg Sharp opened testimony on House Bill 1716, seeking to establish a Department of Economic Development-administered revolving fund to finance nonprofit workforce housing in rural communities (population cap 50,000). Sharp said the program copies approaches used in Iowa and Nebraska and pointed to a Northeast Missouri pilot funded with $1,000,000 that produced multiple homes.
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