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STL receives $50M in low-income housing tax credits

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The city of St. Louis has received nearly $50 million in low-income housing tax credits.

The tax credits are slated to help fund $100 million in affordable housing construction, as well as renovation and preservation of nearly 600 units.

“Expanding affordable housing is critical for St. Louis working families,” Mayor Tishaura Jones said. “Addressing root causes of crime like housing instability will make St. Louis safer, and the resources my administration has procured will help increase the availability of affordable housing in our city.”

Read more from the St. Louis Business Journal.

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