Housing Commission approves State Housing Tax Credit Study
JEFFERSON CITY, Missouri – The Missouri Housing Development
Commission (MHDC) approved a proposal for a BKD, LLP. and
Missouri State University partnership to conduct a study on the
Missouri Low Income Housing Tax Credit. The proposal was
selected from three proposals received by the Commission.
“We are
very pleased to award this contract to BKD and Missouri State
University,” said Sarah Steelman, State Treasurer and MHDC
Chairman. “We are anxious to see the results of the study and
apply that knowledge to our continuing efforts to help
Missourians have access to top-quality affordable housing.”
The
study is designed to identify the social and economic impact of
the state Housing Tax Credit. The study must quantify the
economic benefits and address the impact affordable housing has
on individuals (residents) and various state institutions,
including education, public health, social service, law
enforcement, criminal justice and the welfare system.
Ithaca
Group (with the St. Louis University Law School’s Civil Clinic
and Rubin Brown (with University of Missouri-St. Louis) also
submitted proposals for the study. This was the second attempt
by the Commission to fund such a study. The revised request for
proposals was issued in November.
“The
study will be very useful for MHDC and the affordable housing
community in Missouri,” said Steelman. “It provides us with a
detailed look at the tax credit and ways we can continue to
improve affordable housing for Missouri citizens in the future
and ensure we get the most out of our tax dollars.”
A
timetable for the study will now be coordinated with BKD/MSU and
staff.
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POC: John
Cook | BKD LLP | 417.865.8701
www.BKD.com
