Transitional housing approved for NAP tax credits

The Missouri Department of Economic Development has approved the Audrain County Shelter Resource Coalition Transitional Housing Project for Missouri Neighborhood Assistance Program (NAP) tax credits.

The Audrain County Shelter Resource Coalition (ACSRC) has been authorized to receive tax credits in the amount of $239,249 in 70% tax credits for the period July 1, 2022 through June 30, 2024.

For example, if a $10,000 donation is made to ACSRC Transitional Housing, $7,000 (70% of the donation) is eligible for the Missouri tax credit, leaving a tax liability of $3,000 $.

To qualify for the tax credit, a business must make a minimum, eligible contribution of $1,000 in support of ACSRC Transitional Housing.

This tax credit is for businesses only, but also includes individuals who operate a sole proprietorship, operate a farm, have rental property, or have royalty income as well as a shareholder of an S-corporation, a partner in a partnership or a member of a limited liability company.

ACSRC is a 501(c)3 non-profit organization focused on caring for people in need of shelter in Audrain County. They have been operating the room at the Inn Shelter for 8 years.

In Room at the Inn’s last season, they were able to house 68 people for a total of 791 nights and served 1,530 meals to the hungry in the community. They observed the need to increase the number of affordable housing units for those coming out of homelessness.

Thanks to the generous donation of two condominiums by the Weavers in the Summit Building, this goal is becoming a reality. Transitional housing offers a clear next step for people who have experienced homelessness. It allows people who are actively pursuing personal growth to establish the payment history and skills they need to become eligible and successful when moving into their own permanent residence. Renovations and furnishing are expected to cost $50,000.

The aim is to open the first phase of transitional housing by August 15, 2022 with a full opening of operations on October 1.
For more information about how the NAP tax credit might affect donors, contact a tax advisor, accountant, or attorney. For more information on transitional housing or additional questions, contact ACSRC at [email protected]
To donate, send your donation to ACSRC PO Box 1002, Mexico City, MO 65265 or go to and click the donate button.

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