Missouri historic tax credits · 25% state · 20% federal · transferable

Missouri’s credit
built most of
what we have done

Twenty-five percent of qualified costs, sellable, stacked on the federal twenty. Nearly every finished building in our portfolio was financed this way, in Kansas City and across the state.

Send an address See the work
A-1.0

25%, sellable,
and we have
done it fifteen times

Missouri's credit is 25% of qualified rehabilitation expenditures, freely transferable, with a three-year carryback and a ten-year carryforward. Combined with the federal credit that is 45% of qualified costs. Nearly all of our completed portfolio was built on this program.

25% of qualified costs

Plus 20% federal

Forty-five percent of qualified rehabilitation expenditure between the two programs. On 929 Walnut that came to roughly $8MM of credit against a $10.5MM renovation.

Transferable

Sell it

You do not need Missouri tax appetite. The credit is sold, and in a market with active buyers it prices well. Three-year carryback and ten-year carryforward on anything you keep.

The annual cap is real

Timing matters

Unlike Kansas, Missouri allocates against an annual cap, with a separate pool for qualified census tracts. Applications are sequenced, so when you file is part of the design decision rather than an afterthought.

Part 1, 2 and 3

Written here

We prepare the applications in the same office that draws the building, so the Part 2 narrative and the construction documents cannot contradict each other in front of a reviewer. That is the most common avoidable denial.

Stacks with the rest

NMTC · LIHTC · PIEA · LCRA · TIF

The Netherland carried federal and state historic credits, New Markets, a PIEA construction bond and abatement at once. The Wonder carried New Markets through AltCap. Missouri has the deepest local toolkit of any state we work in.

Statewide

Not just Kansas City

We work the program in Kansas City and across Missouri — St. Louis, Springfield, St. Joseph, Columbia, Jefferson City and the small-city main streets in between.

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What might the credits be worth?

Missouri · preliminary estimate

Estimated qualified basis—
Federal credit — 20%—
Missouri credit — 25%—
Combined credit—

Rough arithmetic, not an opinion. Qualified rehabilitation expenditure excludes acquisition, site work and furnishings. Missouri credits are allocated against an annual cap and sold at a discount, so timing and cash proceeds both matter. Send us the address and we will run the real number.

The restored 1922 facade of 929 Walnut, downtown Kansas City
The Netherland, a 1928 apartment hotel returned to service
A-2.0

Built on
this program

Not a list of services. Buildings that are standing, financed on the Missouri credit.

929 Walnut

$8MM credit · $10.5MM renovation

A 1922 office and garage building, now 49 lofts over three levels of commercial.

The Netherland + The Monarch

$26MM · 136 units

Two 1928 buildings dark for decades. Historic credits, New Markets, a PIEA bond and abatement in one stack.

The Wonder Shops + Flats

$16MM · 175,000 SF

A 1915 baking factory, 87 lofts above 16 commercial bays, with New Markets through AltCap.

The Dairy Apartments

40 units · Best Adaptive Re-Use 2025

A Streamline Moderne dairy plant, empty twenty years.

Harvey Dutton Lofts

$10MM · 38 residences

A 1903 dry goods warehouse in the Garment District, with a public pocket park at the door.

ABC & Anderson

65,000 SF · 52 lofts

Two century-old Main Street buildings on the streetcar extension.

Send us
an address

Send the address of a Missouri building. No cost, no obligation, no pitch deck.

We walk it, and inside two weeks you get what it wants to be, what that runs, and which credits it earns. If it doesn’t pencil, we say so — that answer is worth the two weeks by itself.

Send an address 816.200.0340
Somebody walked past
every one of these EXACT Architects — Kansas City

EXACT Architects
3901 Main Street, Suite 201
Kansas City, Missouri 64111
816.200.0340
office@exactarchitects.com

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