Tag: MHDC

Governor’s commissioners pass draft motion to not fund tax credits in FY2019

COLUMBIA, Mo. – At the rescheduled Missouri Housing Development Commission (MHDC) meeting Friday, six men voted in an executive suite at the Holiday Inn to support a draft motion to not issues tax credits for FY2019. Over an estimated 150-200 people, ranging from tax credit housing residents, lawmakers, and stakeholders looked […]

MHDC further postpones annual meeting, raises mortgage interest rates

JEFFERSON CITY, Mo. – The Missouri Housing Development Commission annual commission meeting scheduled for November 6 has been rescheduled for November 17. The meeting was originally scheduled for October 10. They also announced that they would be raising mortgage interest rates for first-time homebuyers. As of November 1, 2017, rates […]

MHDC nominating committee, annual commission meeting postponed

KANSAS CITY, Mo. – The Missouri Housing Development Commission meeting was canceled Wednesday. The rescheduled date has yet to be determined for the nominating committee. The commission meeting scheduled for October 10 has been postponed to November 6 and relocated to Columbia. “The meeting was rescheduled at the direction of […]

MHDC forgoes Prevailing Wage for more housing

MHDC largely approves QAP draft COLUMBIA, Mo. – The Missouri Housing Development Commission (MHDC) met Thursday afternoon to discuss a draft of the rules the committee was going to use to accept or deny applications to their programs. The MHDC largely accepted the 2018 Draft Qualified Allocation Plan (QAP), which […]

MHDC re-approves $9 million in funding for 2017

COLUMBIA, Mo. – The top priority in the final regular meeting of the Missouri Housing Development Commission for the 2016 year was approving – or denying – funds to several programs in the upcoming year. Dozens of people sat in attendance at the meeting, held at the Stoney Creek Hotel […]

MHDC holds first hearing in road to funding new housing projects

COLUMBIA, Mo. – The Missouri Housing Development Commission met in Columbia to hold a public hearing for the first round of permanent financing and tax credit applications across mid-Missouri. Roughly 100 people attended the hearing to pitch projects from Boonville to Osage Beach and Moberly to Warsaw. Two members of […]

MHDC grants over $10 million in funding for low-income housing projects

COLUMBIA, Mo. – The Missouri Housing Development Commission (MHDC) held their last meeting of 2015 Friday morning in Columbia. They approved over $10 million in funding for various affordable housing and shelter projects for low and middle-income residents and homeless populations. In the general financial report, the MHDC reported its […]

Pre-filed bill targets prevailing wage in disaster areas

JEFFERSON CITY, Mo. – One of the shorter pre-filed bills submitted so far calls for a prohibition on prevailing hourly wage to be paid for a tax credit funded project in a disaster area. Rep. Bill White, R-Joplin, filed HB 1406, which “prohibits the Missouri Housing Development Commission from requiring a […]

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 […]

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 […]