Current Status Introducing Body:
SenateBill Number: 345Primary Sponsor: LourieCommittee Number: 02Type of Legislation: JRSubject: Low and moderate income elderlyResiding Body: SenateCurrent Committee: Banking and InsuranceCompanion Bill Number: 3046Computer Document Number: 345Introduced Date: Jan 08, 1991Last History Body: SenateLast History Date: Jan 08, 1991Last History Type: Introduced and read first time, referred to CommitteeScope of Legislation: StatewideAll Sponsors: Lourie Giese Mullinax Passailaigue RoseType of Legislation: Joint Resolution
Bill Body Date Action Description CMN ---- ------ ------------ ------------------------------ --- 345 Senate Jan 08, 1991 Introduced and read first 02 time, referred to Committee 345 Senate Dec 03, 1990 Prefiled, referred to 02 CommitteeView additional legislative information at the LPITS web site.
TO DIRECT THE SOUTH CAROLINA STATE HOUSING, FINANCE, AND DEVELOPMENT AUTHORITY IN COOPERATION WITH THE SOUTH CAROLINA COMMISSION ON AGING TO STUDY THE HOUSING NEEDS OF LOW AND MODERATE INCOME ELDERLY WITH SPECIAL ATTENTION TO REVERSE MORTGAGE PROGRAMS AND REPORT TO THE JOINT LEGISLATIVE COMMITTEE ON AGING.
Whereas, according to the South Carolina Commission on Aging's "Action Plan for the Elderly," 24.3 percent or 69,735 of the state's elderly population were living in poverty in 1980; and
Whereas, these are individuals with an annual income of $5,360 or less; and
Whereas, it is estimated that the elderly population in South Carolina increased by 46 percent from 1980-1990; and
Whereas, during this period the United States Government reduced the level of funding for all housing programs, and it is believed that the economic conditions of many elderly citizens has deteriorated; and
Whereas, since the quality of housing is closely related to income, it is reasonable to conclude that the number of elderly people in South Carolina who live in substandard housing is increasing at a rapid rate; and
Whereas, a study of this problem would produce a centralized source of data on the state's elderly housing needs and promote linkage between the State Housing, Finance, and Development Authority, South Carolina Commission on Aging, and private sector to develop a variety of housing options for South Carolina's older citizens. Now, therefore,
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. The South Carolina State Housing, Finance, and Development Authority in cooperation with the South Carolina Commission on Aging shall study the housing needs of low and moderate income elderly with special attention to reverse mortgage programs. A report of the study must be provided to the Joint Legislative Committee on Aging by September 1, 1992.
SECTION 2. This act takes effect upon approval by the Governor.