Tag: LIHTC

This Week in the Governor’s Office: Week of November 13, 2017

Greitens spars with lawmakers over Board of Education, moves to eliminate funding for LIHTC in FY2019 JEFFERSON CITY, Mo. – It’s been a busy week in the Governor’s Office, with Republican Governor Eric Greitens making several moves that have caught the attention of various groups across the state. The biggest […]

Governor’s tax committee report targets tax credits in review of state taxes

JEFFERSON CITY, Mo. – After months of meetings, town halls and public comment, the Governor’s Committee for Simple, Fair and Low Taxes has released their report, and the results aren’t all that unexpected. Everyone knew that the committee was bound to find some areas to make changes or reductions, as […]

Commission nearing end holds mostly closed sessions

JEFFERSON CITY, Mo. – “Democracy is the worst form of government, except for all the others.” That quote, often attributed to Winston Churchill, was the sentiment shared by former Sen. Jason Crowell while speaking about the state’s current tax environment as he advocated for changing the state’s economic development programs. “This […]

Half attendance at Governor’s tax committee to discuss for Gross receipt tax

JEFFERSON CITY, Mo. – Having completed their four town hall events, the Governor’s Committee for Simple, Fair and Low Taxes returned to the capital city this week for more presentations. Half of the committee was in attendance as Chairman Joel Walters was joined by Will Scharf, Rep. Jay Barnes, Sen. […]

Developers unveil Jennings Place senior living center

JENNINGS, Mo. — State lawmakers, local officials and developers met in Jennings today to officially cut the ribbon on a senior-citizen housing complex built on the former River Roads mall site with state housing development tax credits. Stacy Hastie, President and CEO of Environmental Operations Inc., the project developer, said […]

Zweifel asks for MHDC for study on LIHTC

JEFFERSON CITY, Mo. — State Treasurer Clint Zweifel penned a letter to the Missouri Housing Development Commission today asking for the organization to “analyze the need for housing and the existing density of low-income housing in any particular area.” The letter comes on the heels of last week’s MHDC meeting, […]

MHDC staff releases recommendations before the meeting

JEFFERSON CITY, Mo. — The Missouri Housing Development Commission released its staff recommendations for LIHTC awards for 2015. The staff recommended the commission approve 32 projects that include 1471 units that will be a spur millions of dollars in economic development in the state. The recommendations included 9 projects in […]

Economic development project tests new lawmakers

WASHINGTON, Mo. — About a week before his election to the state senate, Dave Schatz was endorsed by the Washington Missourian, one of the larger papers in his Franklin County district. The reason for Schatz’s endorsement was stark in the Oct. 30 editorial. “We endorse him for what he isn’t […]

Waiting lists for LIHTC developments approach three years

JEFFERSON CITY, Mo. – Some Missouri legislators ended their careers this session trying to cap or end low-income housing tax credits (LIHTC). Meanwhile, the wait lists for developments funded by these credits have ballooned, leaving many Missouri working class families and seniors with few housing options. Nationally, three of every […]

Missouri Workforce Housing Association holds annual lobby day

JEFFERSON CITY, Mo. — Just days after a widely-reported audit from Missouri State Auditor Tom Schweich listed the program as “fair,” but called for changes, an association supporting the state’s Low Income Housing Tax Credit program held its lobby day in the Capitol. The Missouri Workforce Housing Association came to […]