Collector of Revenue Receives Award for RETAF: Real Estate Tax Assistance Fund - City of St. Louis

The Collector of Revenue’s Office was a arrogant recipient of the East West Gateway Council of Governments Exemplary Collaboration, Partnership, oregon Regional Initiative Award for RETAF: Real Estate Tax Assistance Fund on with Park Central Development, Legal Services of Eastern Missouri, and Prosperity Connection. In 2022, the RETAF programme saved 68 homes successful the City of St. Louis from taxation foreclosure, impacting implicit 130 metropolis residents crossed 33 neighborhoods.

The Real Estate Tax Assistance Fund (RETAF) was established done a concern with the City of St. Louis Collector of Revenue, Park Central Development, Prosperity Connection, and Legal Services of Eastern Missouri successful effect to the needs of homeowners facing taxation foreclosure.

As the effect of a taxation foreclosure, homeowners look nonaccomplishment of lodging stableness and erasure of equity, portion neighborhoods carnivore the load of colonisation nonaccomplishment and accrued vacancy. RETAF prevents these devastating events and keeps families successful their homes by providing contiguous fiscal assistance to owner-occupant homeowners who are astatine imminent hazard of a taxation foreclosure.

RETAF backing not lone provides nonstop fiscal assistance to homeowners astatine hazard of losing their location but besides fiscal readying assistance. The programme besides benefits the assemblage by stemming colonisation loss, ensuring backing for schools, parks, and different important services, and prevents increases successful vacant spot that tin negatively interaction health, crime, and spot values successful neighborhoods.

Funding for the programme comes from some nationalist and backstage philanthropic dollars, with the City of St. Louis committing $500,000 successful ARPA funds successful 2022.