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State affordable housing tax credit, a political lightning rod and coveted financing tool, returns


JEFFERSON CITY — A state tax credit designed to finance affordable housing construction, which was at the center of one of the fiercest political battles of the short-lived tenure of Gov. Eric Greitens, is back.
The Missouri Housing Development Commission could meet as soon as this week to allocate Missouri Low Income Housing Tax Credits for projects around the state, including several in the St. Louis area.
It would be the first time that Missouri has issued state low-income tax credits since Greitens’ administration in December 2017 engineered a vote at the commission halting the state credits, angering a politically powerful industry that because of the move lost out on close to $300 million in credits that would have been doled out over 10 years. ....

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