The Phelps County Commission provided a letter of support to Great Circle for their application for Affordable Housing Assistance Program (AHAP) Tax Credits provided by The Missouri Housing Development Commission (MHDC).
The MHDC is currently considering the AHAP tax credit application from Great Circle for the rehabilitation of a 93-bed residential treatment and emergency shelter facility located at 13160 County Road 3610 in St. James.
MHDC is holding the application for 30 days, which commenced on Thursday, Oct. 11, before making a decision. The 30 day period is for any additional comments or questions the commission may have.
The AHAP tax credits would be used to encourage donations to undertake the significant renovations and safety improvements that support Great Circle’s intensive residential treatment programs.
The programs would serve over 240 children each year on the campus property in St. James. Great Circle’s programs and services aid children struggling with trauma, abuse, family crisis and mental healthcare issues, according to the county commission.
“We are sending a letter of support because they asked for comment and we are supporting them,” said presiding commissioner Randy Verkamp at the Tuesday, Oct. 16 county commission meeting, adding he likes the progress.
The AHAP tax credit is a state tax credit allowed to business firms that make donations to not-for-profit neighborhood organizations approved by the MHDC that are involved in the development of affordable housing. Great Circle centers units are set aside for people at 50 percent or below the median income.
The median income of households in Missouri was $49,593 in 2016. Additionally, an estimated 13.1 percent of Missouri households had income below $15,000 a year, and more than 7 percent had income over $150,000, according to the U.S. Census Bureau American Community Survey.