Officials criticize delay of housing tax credits
Mon, 23 Dec 2013 20:03:13 GMT —
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.