St. Louis, MO Real Estate Tax Assistance Fund protects low-income residents at risk for foreclosures
St. Louis, MO Real Estate Tax Assistance Fund Foreclosure
City officials sought a method for preventing foreclosures that destabilize households and neighborhoods. The city's Collector of Revenue and Park Central Development provide grants of up to $3,500 for applicants in the final stages of foreclosure. Eligible households earn less than the area median income, paid off their mortgages, and live full-time on property. The RETAF program is funded by federal ARPA money and donations with limited spaces each year.
Links
Welcome to RETAF - Real Estate Tax Assistance Fund
Welcome to TRSTL! In partnership with The License Collector’s Office for the City of St. Louis, Prosperity Connections, and Legal Services of Eastern Missouri, Park Central Development works to strengthen and attract investment that creates and maintains vibrant neighborhoods and commercial districts in the City of St. Louis.
Outstanding Local Government Achievement Awards – 2022 – East-West Gateway Council of Governments (EWGCOG)
Newsworthy
St. Louis city government contributes $500,000 to property tax relief fund
St. Louis Real Estate Tax Relief Coalition gets $500,000 from federal funds.
Collector of Revenue Receives Award for RETAF: Real Estate Tax Assistance Fund
Collector of Revenue Receives Award for RETAF: Real Estate Tax Assistance Fund.
Project Succeeded
RETAF funds protected 130 residents in 68 homes from tax foreclosure in 2022. The city won a 2022 Outstanding Local Government Achievement Award from the East-West Gateway Council of Governments.
Related Projects
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