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FOR IMMEDIATE RELEASE Contact:
Treasurer Zweifel Becomes Chair of Missouri Housing
Development Commission
Commission
also passes program to help homeowners with refinancing JEFFERSON CITY - In a unanimous vote Friday, State Treasurer
Clint Zweifel became chair of the Missouri
Housing Development Commission. Treasurer
Zweifel will begin his duties at MHDC's July 31 meeting. "I am honored the commission members have confidence in me for
this leadership role," Treasurer Zweifel said.
"This commission is vital to Missourians. We have an opportunity to advance
homeownership, affordable housing and Missouri's economy through MHDC." Treasurer Zweifel said he looked forward to working with
fellow commissioners, staff, program users and the public to continue to
advance MHDC's mission in Missouri. "Treasurer Zweifel has
a strong understanding of economic and housing issues facing this state," Gov.
Jay Nixon said. "I am pleased he is
taking over leadership of MHDC at a time when we need to ensure all economic
engines in Missouri are working towards moving the state forward." In addition to Treasurer Zweifel becoming chair, the
commission unanimously approved a homeownership refinance package that targets responsible
homeowners needing help refinancing existing mortgages, but who do not qualify
for the federal government's Making
Home Affordable Refinance Program or refinancing through the private sector. MHDC's program will allow Missourians to
refinance into lower-interest rate mortgages and to use down-payment and
closing-costs assistance if necessary.
Each MHDC mortgage recipient approved under the refinancing program must
take approved counseling classes in order to qualify. "MHDC staff and the commission took a look at what it could
do to assist in keeping responsible homeowners in their homes through these
tough economic times," Treasurer Zweifel said.
"We studied what the federal government was doing to find the place
where MHDC could use its resources to help Missourians in a real way. Homeownership is an important step for many
Missourians, and MHDC continues to be active in helping people take that step." MHDC has invested more than $4 billion to construct, renovate
and preserve affordable housing throughout the state. In all, the commission has funded more than 77,000
mortgages for first-time homebuyers in Missouri. Most recently the commission has received
accolades for being the first housing agency in the nation to allow first-time
homebuyers to collect the federal first-time homebuyers tax credit upfront through
the commission's Tax Credit
Advanced Loan Program. "Economic innovations such as the Tax Credit Advanced Loan
Program are exciting forward-thinking ideas I would like to see continued at
MHDC," Treasurer Zweifel said. "With
recovery funds coming to the state and to the commission, we have a special
opportunity to bring ideas forward and make a real difference in Missouri." |
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