Governmental Affairs Newswire

Kansas City Weather Forecast, MO (64106)

Last Hurdle For Mechanic's Lien Law

With one week left in the Missouri legislative session, efforts to change mechanic's lien law are nearing the finish line. To help pass needed legislation for mechanic's lien coverage, the HBA has partnered with HBAs from across the state to mobilize grassroots support. Click HERE to enter your address and send an e-mail to your elected official.

HB 2058 will be taken up on the floor of the Missouri Senate early next week. In case you are not familiar with this lengthy bill, the highlights are:

HBA Provides Sprinkler Option Form to builders

Effective Aug. 28 home builders are required by Missouri state law to provide homebuyers an option to choose installation of a residential fire sprinkler before signing a contract for the purchase of a new home.

Missouri Tax Credit Loan Program

While the $8,000 first-time buyer federal tax credit is a major boost for the housing market, one drawback is that buyers cannot use the credit at closing for the downpayment and other costs. The Missouri Housing Development Commission has created a progam to allow buyers to do just that, offering an interest-free loan that buyers can repay once they received their tax refund from the federal government.

FHA Allows First-Time Buyers to Use Tax Credit at Closing

During an address to the NAHB Board of Directors, Housing and Urban Development Secretary Shaun Donovan announced a plan that will allow first-time buyers qualifying for the $8,000 tax credit and obtaining an FHA loan to use the funds at closing for a down payment and other costs.

Kansas City, Mo. Council Backs $2.4 Billion Sewer Plan

Kansas City, Mo., is embarking upon an unprecedented 25-year infrastructure plan to overhaul the City's combined sewer system, costing $2.4 billion in today's dollars. City Council members overwhelming endorsed the Sewer Overflow Control Plan in December in response to the Environmental Protection Agency's mandate the City improve its sewer and storm water systems.

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