'No. More. Giveaways,' Missouri governor says about tax credits for low income housing
A tax credit program in Missouri for low income housing one thats 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.
Fridays decision was hailed by politicians, including Gov. Eric Greitens, as a way to save money on whats 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