'No. More. Giveaways,' Missouri governor says about tax credits for low income housing
A tax credit program in Missouri for low income housing — one that’s popular with developers and also the subject of frequent criticism from Missouri politicians — is in peril.
The Missouri Housing Development Commission on Friday voted not to allocate $140 million in funding for the Missouri Low Income Housing Tax Credit Program. The tax credit offsets a percentage of tax liabilities for investors in low-income housing projects.
Friday’s decision was hailed by politicians, including Gov. Eric Greitens, as a way to save money on what’s often criticized as an inefficient program. Greitens under state law has a seat on the housing development commission.
“We zeroed out this failing program, and saved tens of millions of dollars,” Greitens said in a statement. “No. More. Giveaways.”
Read more here: http://www.kansascity.com/news/politics-government/article185257478.html
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