Missouri Plans Changes to Improve Efficiency of Tax Credit Program

摘要

The Missouri Housing Development Commission (MHDC) plans changes to improve administration of the state's low-income housing tax credit program in response to criticism about its efficiency. MHDC Executive Director Margaret D. Lineberry outlined the plans in a December 17 address to MHDC's board of commissioners. The changes, which include steps to exercise more due diligence, maximize developer fi-nancial contributions and minimize state subsidies, and assure per unit cost reasonableness, were, prompted by a critical November report by the tax credit review commission, according to Lineberry.