With few exceptions, HB1277 requires the county auditor to collect a surcharge of $100 for each document recorded. The bill lays out how the funds will be distributed, including, but not limited to:
(a) Fund supportive housing
(b) Project-based vouchers for nonprofit housing providers
(c) Foreclosure prevention services
(d) Rental assistance for people experiencing homelessness
(e) Tenant education and legal assistance.
Additionally, the eviction prevention rental assistance program is created to prevent evictions by providing resources to households most likely to become homeless or to suffer severe health consequences, or both, after an eviction while prioritizing households disproportionately impacted by public health emergencies, homelessness, and housing instability.
And among other provisions, HB1277 requires that grantees work with organizations rooted in communities of color to assist and serve marginalized populations within their communities. At least 10% of the grant total must be sub-granted to organizations that serve and are substantially governed by marginalized populations.