Kinder expected to address effort to preserve low-income housing tax credits

Dec 23, 2013

Credit Marshall Griffin / St. Louis Public Radio

Missouri's Lt. Gov. Peter Kinder is preparing to announce efforts to preserve Missouri's low-income housing tax credits.

Kinder is scheduled today to travel to St. Louis for a news conference with legislators and a city alderwoman.

The tax credits are awarded to developers of low-income housing. The Missouri Housing Development Commission this month delayed about $14 million annually in tax credits to build apartments for low-income residents. Kinder was the lone commission member to vote against the move.

The delay 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. Those incentives and the housing tax credits were linked informally as part of negotiations between Democratic Gov. Jay Nixon and Republican senators.