Missouri panel votes against low-income housing tax credits

COLUMBIA, Mo. (AP)   Missouri Gov. Eric Greitens and a state commission have voted against low-income housing tax credits.

The Columbia Daily Tribune reports the Missouri Housing Development Commission on Friday voted 6-2 against the state awarding $140 million in low-income housing credits this fiscal year. A final vote is still needed.

The Republican governor lauded the move as a way to save money.

The tax credits have been criticized as being inefficient, but backers say cutting them could hurt the availability of low-income housing.

Republican Lt. Gov. Mike Parson says Friday's vote was drastic and could have a dramatic effect. He had urged his colleagues on the Missouri Housing Development Commission to wait for lawmakers to return to the Capitol next year before weighing in.

WebReadyTM Powered by WireReady® NSI