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Greitens, others reject low income housing tax credits

Missouri Gov. Eric Greitens decided not to provide any state tax credits for low-income housing. (File)

Missouri Gov. Eric Greitens and other members of an administrative panel have decided not to provide any state tax credits for low-income housing.

The Columbia Daily Tribune reported the Missouri Housing Development Commission on Friday voted 6-2 against the state awarding $140 million in low-income housing credits this fiscal year. A final vote is still needed.

The tax credits have been criticized as being inefficient, but backers say cutting them could hurt the availability of low-income housing.

Republican Lt. Gov. Mike Parson said Friday's vote was drastic and could have a dramatic effect. He had urged his colleagues on the Missouri Housing Development Commission to wait for lawmakers to return to the Capitol next year before weighing in.

The governor, along with the Missouri Housing Development Commission, rejected the credits Friday, citing "about 42 to 55 cents [of every dollar] actually go to building housing for poor people."

Opponents of the Friday decision said it will have a dramatic impact on the availability of low-income housing in the state.


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