The Missouri Housing Development Commission (MHDC) has begun exploring ways to revise the state's low-income housing tax credit program in an effort to get a higher price for the credit.rnIn Missouri, developers with federal housing tax credits can receive an annual allocation of state credits for 10 years equal to up to 100 percent of their federal credit allocations. The state credit program generally followsrnthe rules of the federal program, but the compliance and credit recapture period is only 10 years, rather than 15.
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