Housing repair grant program; authorize issuance of bonds to provide funds for grants to low income individuals for home repairs.

HB 248 establishes a state-funded program to provide home repair grants to low-income Mississippi homeowners aged 62 or older, or those certified as disabled by the Social Security Administration. Eligible applicants must own at least 50% of their primary residence needing significant repairs, have an annual income under $12,000 (single person) or $16,000 (household of two+), and apply through the Department of Finance and Administration. The program authorizes $50 million in state bonds to create a permanent "Mississippi Housing Repair Grant Fund," with grants capped at $25,000 per household or repair costs, whichever is lower. Funds will be allocated across congressional districts based on the proportion of residents below the federal poverty level, and unspent funds will carry over annually without lapsing.