Missouri housing agency approves $35M assistance plan

Friday, December 18, 2009 | 12:27 p.m. CST

JEFFERSON CITY — A Missouri development agency has approved a $35 million plan to spur housing.

The Missouri Housing Development Commission voted Friday to use $15 million from the federal stimulus package and $20 million from a reserve fund to help home-buyers and spur construction of apartments.

Included in the package is $15 million dedicated for paying the property taxes for low- and middle-income people who buy a house next year. Housing officials estimate that more than 9,000 households would be eligible to have up to $1,250 of their property taxes paid.

Supporters called it a simple tax cut for Missourians that could help spur the economy. But one critic questioned if the property tax portion fit within the agency's mission.


Like what you see here? Become a member.

Show Me the Errors (What's this?)

Report corrections or additions here. Leave comments below here.

You must be logged in to participate in the Show Me the Errors contest.


Ken Lueckenotte January 8, 2010 | 8:06 a.m.

If you want to spur the economy the tax relief should be across the board, otherwise it's just another welfare program that someone else (higher income bracket) has to pay for.

(Report Comment)

Leave a comment

Speak up and join the conversation! Make sure to follow the guidelines outlined below and register with our site. You must be logged in to comment. (Our full comment policy is here.)

  • Don't use obscene, profane or vulgar language.
  • Don't use language that makes personal attacks on fellow commenters or discriminates based on race, religion, gender or ethnicity.
  • Use your real first and last name when registering on the website. It will be published with every comment. (Read why we ask for that here.)
  • Don’t solicit or promote businesses.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report comment" link.

You must be logged in to comment.

Forget your password?

Don't have an account? Register here.