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Senator Kit Bond was in Springfield Wednesday to talk about the need for affordable housing for low-income families. KSMU’s Jennifer Moore reports.
Speaking from a recently renovated downtown loft apartment, Bond said although he voted against the economic stimulus bill, he worked to include an amendment in it that offered tax credits to developers who provide lower rents.
Bond criticized the $878 billion stimulus package, saying it contained money for projects he deemed as unnecessary, such as a rail system from Los Angeles to Las Vegas. That project, the senator said, was a ride from “Disneyland to Sin City,” and that the people of Missouri should not have to pay for it.
The tax credits included in the stimulus package will allow developers in Missouri to go ahead with projects that were stalled due to the credit crisis and poor economy. Katie Watts of the Missouri Housing and Development Commission says the tax credits are an incentive needed to get the local economy rolling again.
Senator Bond did say he supported the stimulus dollars going toward Missouri transportation projects. The Republican senator says he will not seek another term in the U.S. Senate.
For KSMU News, I’m Jennifer Moore.