Kinder Prepares Announcement on Mo. Housing Tax Credits

3 years 5 months 4 days ago December 23, 2013 Dec 23, 2013 Monday, December 23 2013 Monday, December 23, 2013 5:37:00 AM CST in News
By: KOMU 8 Digital Staff

JEFFERSON CITY (AP) - Lt. Gov. Peter Kinder is preparing to announce efforts to preserve Missouri's low-income housing tax credits.

Kinder was traveling Monday to St. Louis for a news conference with lawmakers and a city alderwoman.

The tax credits are awarded to developers of low-income housing. The Missouri Housing Development Commission this month delayed about $14 million annually in tax credits to build apartments for low-income residents. Kinder was the lone commission member to vote against the move.

The delay came shortly after Missouri lawmakers approved legislation authorizing up to $1.7 billion in tax incentives over two decades for Boeing Co. to build a plant in the St. Louis area. Those incentives and the housing tax credits were linked informally as part of negotiations between Democratic Gov. Jay Nixon and Republican senators.

 

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