50M in MOHTC authorizations first quarter FY2015

Just last week at the Missouri Preservation Conference, Nathan Potter of the MO DED reported that ONE quarter into FY2015, we have already reached $50M in MOHTC authorizations. If we had a reduced $90M cap this year, we would be looking at holding up around 1/2 of yearly projects in the first year alone; queuing for an unclear time period while paying property taxes and other building expenses is NOT an option for most developers and/or financial institutions. Do we want to imagine what happens to the growth and redevelopment pace across the state in that scenario? Let’s work together to prevent a cut instead.  Please join the effort to #savemohtc!

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