Real Estate Tax Assistance Fund

The Office of the Collector was a proud recipient of the East West Gateway Council of Governments Exemplary Regional Collaboration, Partnership or Initiative Award for RETAF: Real Estate Tax Assistance Fund with Park Central Development, Legal Services of Eastern Missouri and Prosperity Connection. In 2022, the RETAF program saved 68 homes in the city of Saint-Louis from tax foreclosure, affecting more than 130 city residents in 33 neighborhoods.

The Real Estate Tax Assistance Fund (RETAF) was created through a partnership with the City of St. Louis Revenue Collector, Park Central Development, Prosperity Connection, and Legal Services of Eastern Missouri in response to the needs of landlords faced with a tax seizure.

As a result of tax foreclosure, homeowners face loss of housing stability and erasing equity, while neighborhoods bear the brunt of population loss and increased vacancy. RETAF prevents these devastating events and keeps families in their homes by offering immediate financial assistance to homeowners who are at imminent risk of tax foreclosure.

RETAF funding not only provides direct financial assistance to homeowners at risk of losing their home, but also assistance with financial planning. The program also benefits the community by stemming population loss, providing funding for schools, parks and other essential services, and preventing the increase in vacant properties which can negatively impact health, neighborhood crime and property values.

Funding for the program comes from public and private philanthropic dollars, with the City of St. Louis committing $500,000 in ARPA funds in 2022.

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