Missouri

ICAST’s IRA & BIL Instant Benefit Estimate Calculator is now available on NH&RA’s website under the Resources section.

The Missouri Tax Credit Review Commission sent its final report on Missouri’s tax credit programs to Governor Jay Nixon, recommending that the state historic tax credit program’s annual cap be reduced from $140 million to $75 million per year beginning in 2011.

The Missouri Housing Development Commission’s Board of Commissioners has approved Margaret Lineberry to serve as executive director of the agency.

Missouri Housing Development Commission (MHDC) Executive Director Pete Ramsel recently announced his resignation from MHDC, effective March 1.

The Missouri Housing Development Commission has hired a team of NH&RA members to determine how to boost the value of Missouri’s state low-income housing tax credit to 65 cents, from its current value of 40 cents.

The Missouri Housing Development Commission has released its 2009 Gap Funding Round Submission Documents and Guidelines for awardees.

Senator Evan Bayh (D-Ind.) has proposed legislation that would make $230 million in funding immediately available to begin work on shovel-ready affordable housing developments in flood-ravaged areas of Indiana. The legislation would clarifiy that disaster housing credits in Indiana, Alabama, Arkansas, Illinois, Iowa, Kansas, Louisiana, Michigan, Missouri, Minnesota, Nebraska, Texas and Wisconsin would be eligible for the Tax Credit Exchange Program.

The U.S. Department of the Treasury recently announced its second round of funding through the low-income housing tax credit exchange program, provided by the American Recovery and Reinvestment Act (ARRA) of 2009.

The Missouri Housing Development Commission has released its competitive selection process and judging criteria for implementing its low-income housing tax credit assistance program (TCAP), under the American Recovery and Reinvestment Act.

NH&RA will continue to update the ARRA resource page below as information is made available.