Officials pan delay of Mo. housing tax credits

Officials pan delay of Mo. housing tax credits

Officials pan delay of Mo. housing tax credits

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by Associated Press

KMOV.com

Posted on December 23, 2013 at 5:06 PM

Updated Monday, Dec 23 at 5:14 PM

JEFFERSON CITY, Mo. (AP) -- A Missouri panel's delay in approving millions of dollars in low-income housing tax credits has prompted bipartisan criticism.

The Missouri Housing Development Commission decided earlier this month to delay about $14 million annually in credits for developers to build apartments for low-income residents. The decision 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.

The tax credits were linked informally to the Boeing incentives as part of negotiations between Democratic Gov. Jay Nixon and several Republican senators.

Republican Lt. Gov. Peter Kinder and Democratic Sen. Jamilah Nasheed said Monday there is no reason for the incentives to be linked.

A Nixon spokesman declined to comment.

 

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