HB 2211 establishes a workforce housing tax incentive program in Missouri, focusing on redevelopment and rehabilitation projects.
HB 2211 creates a workforce housing tax incentive program in Missouri, administered by the Department of Economic Development. The program aims to encourage the development of workforce housing through tax credits and sales tax refunds for qualifying housing projects. These projects include rehabilitation, repair, or redevelopment of existing properties, as well as new construction in certain areas. The bill outlines specific criteria for properties, such as brownfield, grayfield, and greenfield sites, and sets maximum average dwelling unit costs.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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