Tax credits for low-income housing are 'dead' amid scrutiny from lawmakers, Greitens [View all]

An embattled tax credit for developers who build low-income housing units is essentially dead and developers worry that so are efforts to build affordable housing in Kansas City.

Low-income housing tax credits provide an incentive for developers who build affordable housing, but they've been criticized as inefficient. Gov. Eric Greitens says the credits line the pockets of wealthy developers.

Greitens' legal team has implied that the industry may be connected to payments made to a lawyer representing the ex-husband of the woman with whom the governor had an affair in 2015. His lawyers this week asked a Missouri House committee investigating allegations of misconduct against him to issue subpoenas to a bank and developer involved in low-income housing development.

The Missouri Housing Development Commission, which is led by Greitens and administers funds for affordable housing, decided late last year it wouldn't issue any state tax credits this year. The federal government grants its own tax credits for affordable housing.

Read more here: http://www.kansascity.com/news/business/development/article211821204.html