Program Description
The Affordable Housing Tax Credit is a Missouri state tax credit authorized by the MHDC to business firms that engage in providing affordable housing assistance contributions to not for profit neighborhood organizations. These contributions must be used in the construction or rehabilitation of affordable housing units. The amount of tax credit shall not exceed 55% of the value of the contribution.
Asset Management
All developments, including single family homes, will be subject to an Affordability Period of 10 Years. Eligible tenant’s income, for this program, is limited to 50% of the AMI.
During this Affordability Period MHDC will inspect the property and tenant files at least once every three (3) years, or more frequent if other MHDC Programs are involved.
The following forms are required on all Affordable Housing Tax Credits:
ANNUAL Forms: To be sent to the St. Louis Compliance Office
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Annual Development Certification of Continuing
Compliance (Exhibit B) |
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TENANT FILE Forms: To be kept in the tenant files
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Contacts:
If you require additional information or have any questions please contact Brenda York-Keegan bykeegan@mhdc.com
Mailing Address: MHDC
Attn:
Brenda York-Keegan
3435 Broadway
Kansas City, MO 64111
