Mo. Commission Approves Housing Tax Credits
COLUMBIA (AP) - A Missouri commission has approved tax credits to build low-income housing after delaying their issuance last year.
The Missouri Housing Development Commission unanimously endorsed issuing about $14 million in tax credits Friday for about 1,600 housing units.
The commission had delayed approving the tax credits in December as part of Democratic Gov. Jay Nixon's negotiations with certain senators to pass a $1.7 billion incentive package to lure production of Boeing aircraft. Boeing ultimately opted against Missouri.
Republican Lt. Gov. Peter Kinder, who cast the lone "no" vote against delaying the tax credits in December, voted Friday to move forward with the projects. He says the delay potentially jeopardized funding for the developments.
Commission executive director Kip Stetzler says he is not aware of any financial concerns caused by the delay.