The 2020 Neighborhood Preservation Act application cycle is now open. Applications must be postmarked no later than February 15, 2020.
A news release says administered by the Department of Economic Development, the Neighborhood Preservation Act is a tax-credit program created to aid in the rehabilitation and new construction of homes in certain census blocks in Missouri.
Qualifying areas include “distressed communities,” as defined in 135.530 RSMo, and eligible applicants are defined as any taxpayer who incurs eligible costs for a new residence or rehabilitates a residence for owner occupancy that is located in a designated area.
To learn more about the program, visit the Missouri Department of Economic Development’s website.