Housing Loan Assistance Pilot Program; create and authorize issuance of bonds to provide funds for.

HB 249 creates a pilot program offering low-interest loans (1% annual rate) to help residents in Mississippi's 10 poorest counties repair or build homes. It directly affects qualifying homeowners aged 65+ or disabled, those employed for two years, with household incomes under $30,000, who cannot secure conventional loans. The program is funded by issuing $3 million in state bonds, repaid through new fees on deed and deed of trust recordings processed by chancery clerks. These fees are deposited into a dedicated bond sinking fund to cover the bonds' principal and interest, with unspent funds rolling over annually.