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State housing commission votes to stop low-income credit

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The Missouri Housing Development Commission on Friday voted not to allocate $140 million for the state's low-income housing tax credit program.

The credit provides incentives for investors of low-income housing projects.

“We zeroed out this failing program, and saved tens of millions of dollars,” Greitens said in a statement. “No. More. Giveaways.”

Developers, including those in Springfield, say low-income developments would not be possible without the credits.

Read more from The Kansas City Star.

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