SB890, introduced by Senator Jason Crowell would place a one year moratorium on the authorization of Low Income Housing Tax Credits which generate crucial jobs and economic development for Missouri. It is frequently used in conjunction with the Missouri Historic Tax Credit to leverage bank financing for housing construction projects. This program is tied to the Federal Low Income Housing Tax Credit and Missouri provides a 100% match for the Federal credit doubling state’s investment in stimulating our economy. Every dollar invested in the state’s Low Income Housing Tax Credits generates $9.60 in economic activity in Missouri. * Between 2000 and 2005 the Missouri Low Income Housing Tax Credit generated 21,250 units of affordable housing and 41,800 full time jobs* for construction workers, architects, appraisers, accountants, attorneys, contractors and property managers. * Cost/Benefit Analysis of the Missouri Low-Income HousingTax Credit Program (2007) Developed by BDK LLP and Missouri State University for the Missouri Economic Development Commission