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.
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