St Louis Construction Jobs Created by New Home Buyer Incentive Program

A new state program will help to create St Louis construction jobs and provide incentives for home buyers.

Gov. Jay Nixon recently launched the Home Ownership Purchase Enhancement Program, a $15 million initiative designed to jump-start Missouri's housing-construction industry.

"Putting Missouri highly skilled tradesmen and women back to work is a vital step toward jump-starting our economy," Nixon said. "Missouri is home to highly skilled, highly professional workers from all types of trades, but too many of these men and women are currently out of work. By sparking growth in our housing industry, we'll get these men and women back on the job and help more Missouri families realize the American dream."

Through the program, the Missouri Housing Development Commission will provide incentives of up to $1,750 to encourage residents to purchase homes. The incentive will equal the cost of the home buyer's first-year property taxes, up to $1,250.

Residents also will be eligible for an enhanced incentive if they purchase an energy-efficient home, purchase and remodel an existing home, or purchase an item to make a home more energy efficient, such as an Energy Star appliance.

Under the program, a home buyer with an estimated property tax of $1,250 would receive an energy efficiency enhancement of $500. A home buyer with an estimated property tax of less than $1,250 would be eligible for a larger energy-efficiency incentive, up to a total of $1,750.

"This property tax relief program gets MHDC off the sidelines by committing to put hardworking Missourians to work right now," Clint Zweifel, state treasurer and chair of MHDC, said. "We are making sure MHDC makes strategic long-term investments that move the economy forward and create and retain Missouri jobs."

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