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Missouri Low Income Housing Tax Credits Need Your Help! We Have a Toolkit!

The Missouri Housing Development Commission (MHDC) voted to eliminate State LIHTCs from its annual funding plan for 2018 on November 17, 2017. The plan is now out for public comment and MHDC meets on December 19th to make a final decision. Jeff Smith, executive director of the Missouri Workforce Housing Association (MOWHA), hosted a strategy meeting on Tuesday, the 28th.  At this meeting, a comprehensive strategy for direct advocacy, press, and social media was rolled out. We need help with advocacy from everyone who believes in the need for affordable housing in Missouri.

We are calling these tools the LIHTC Advocacy Tool Kit. Everything you need and detailed instructions are included. Start by viewing the PowerPoint presentation. You can access the complete toolkit  below:

1) Powerpoint Presentation

2) Key points to use in your advocacy efforts

3) A calendar with social media prompts

4) Email addresses and Twitter handles for all members of the House and Senate

5) A Twitter tutorial. (Please remember, when sending tweets, Please include the hashtags #SaveMOHousing and #MOLeg at the end of your tweets.)

6) A letter to MHDC from 22 mayors from throughout Missouri

7) A pie chart explaining how each LIHTC dollar gets spent (Spoiler: only about a dime of each dollar goes to the developer.)

8) MOWHA’s response to MHDC’s Qualified Allocation Plan

Below are the email address of the MHDC Commissioners:

Jeff Bay: jbay@vomer.com

Bill Miller: wmiller129@stlcc.edu or bmiller007@charter.net

Treasurer Eric Schmitt: Jonathan.Hensley@treasurer.mo.gov (surrogate)

Jason Crowell: jcrowell@ohkylaw.com

Lt. Gov. Mike Parson: ltgovinfo@ltgov.mo.gov

Atty. General Josh Hawley: attorney.general@ago.mo.gov

Gov. Eric Greitens will.scharf@governor.mo.gov (surrogate)

Please view the PowerPoint presentation and do as much as possible to advocate for a change in the status of the vote coming up on December 19, 2017. Thank you for your help and your support of affordable housing for Missouri’s most vulnerable people!

Missouri+2017

Stop the Vote to End MO State Low Income Housing Tax Credits

Rise released a statement last week concerning the vote to eliminate Missouri State Low Income Housing Tax Credits. Our friend and executive director of Missouri Workforce Housing Association, Jeff Smith, has issued a letter to help people take action now that funding plan has gone out for public comment. Please take a moment to read the letter and take the appropriate action. Missouri+2017The people that need affordable housing the most need your help!

November 17, 2017

Dear All:

This morning the Missouri Housing Development Commission voted to completely eliminate State Low Income Housing Tax Credits from its annual funding plan for 2018. In engineering this, Governor Greitens and unelected MHDC Commissioners overturned the will of the Legislature, where the LIHTC program has strong bipartisan support.

Unfortunately, it is the thousands of people on affordable housing waiting lists across Missouri who will pay the price. By overruling the Legislature’s action and withholding these resources, the Governor will force seniors, homeless veterans and people with special needs to spend an extra winter out in the cold, in shelters, or doubled-up in unsafe housing with whoever might take them in.

During his first year in office, Gov. Greitens neither attended nor phoned into any MHDC meetings. Today, however, Gov. Greitens personally phoned in to cast the deciding vote for a funding plan that – if enacted next month – will eviscerate the program that has provided housing for thousands of seniors, homeless veterans and people with special needs. If this plan goes through, the number of affordable units built and preserved will collapse, and rents will skyrocket.

The funding plan now goes out for public comment. We urge all concerned citizens to speak out, and we hope MHDC will heed the calls of those most affected, and do the right thing when the plan returns to them for approval next month.

You can do your part NOW through the magic of social media. First, please follow MO4Safe Housing on Twitter here, and ask ALL of your colleagues to join Twitter so that they can retweet and like MO4SafeHousing’s posts. You may follow my account here.

Second, read the governor’s statement here. He dubs the LIHTC program, which is one of the nation’s most successful public-private partnerships, a “failing program.” He fails to understand the time value of money, which accounts for the pricing of credits since investors are not fully repaid until approximately 15 years after they put equity towards a construction project. Please feel free to help educate him.

Best.

Jeff Smith

Executive Director

Missouri Workforce Housing Association

www.moworkforcehousing.com

(314) 323-0915 (c)

 

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Statement from Rise – MHDC Withholds Low-Income Housing Tax Credits

November 17, 2017

Missouri Gov. Eric Greitens and his allies moved to withhold state low-income housing tax credits this year. The vote came at the Missouri Housing Development Commission in Columbia today.

Rise’s President, Stephen Acree, has released an official statement concerning the decision:

This morning the Missouri Housing Development Commission voted to strip State Low Income Housing Tax Credits from its annual funding plan for 2018. By orchestrating this vote, the Governor is attempting to use the Commission to administratively overrule the will of the legislature. Sadly, low-income Missourians will suffer from this callous act.  There are tens of thousands of people on housing waiting lists across the state.  By thwarting the will of the legislature to withhold these resources, seniors, homeless veterans and people with special needs will spend another winter out in the cold, in shelters, or doubled-up with whoever might take them in. All because of political gamesmanship.

The funding plan, called the Qualified Allocation Plan, now goes out for public comment. We urge all concerned citizens to speak out. We hope that MHDC will respond to the calls of those most affected and the legislature and do the right thing when the plan goes back to them for approval in December.

Please share this post and let your voice be heard.

The 2017 Rise YP Trivia Night is Coming!

The second annual Rise Young Professionals Trivia Night is coming on  Saturday, October 14, 2017, from 7 PM to 10 PM at City Garden Montessori School. Get your tables reserved, buy a ticket, sponsor a round, or become an event sponsor. This year we are celebrating “St. Louis Neighborhoods”. It’s going to be a blast and all of the proceeds go toward building stronger, more equitable St. Louis area neighborhoods!