The Latest on Missouri Low Income Housing Tax Credits
The Missouri legislature has voted to not reinstate the credits. This means that affordable housing deals in Missouri will be more difficult to do. This is a classic case of killing the goose who lay the golden eggs. The greed of developers and their assorted hangers on caused this to happen. The people being harmed are poor people.
The governance of MHDC the funding agency must be changed to reform the system. Having high level elected officials on the board simply creates a climate of graft. What also is necessary should be a straight forward funding criteria which awards projects on the basis of merit, not who you know. In any case the existing system is rotten and needs to be changed. Written by Paul Dribin