Contribution for Tax Credit Program.
This program provides a 50% tax credit to contributors making a contribution directly to the Board's Infrastructure Development and Reserve Fund. Subject to approving applications from local municipalities, the Board will grant contribution proceeds to the applicant to partially fund public infrastructure improvements critical and necessary to support and leverage other public and private investment into and redevelopment of downtown business districts. Please refer to the program Guidelines and application process on the Board's web site for additional information. Please contact the Board for a copy of the application.

Public Infrastructure Bond Tax Credit Program.
Similar to the Contribution for Tax Credit program, this program may be used by the Board to guaranty its public infrastructure bond issues, the proceeds of which are loaned to the applying municipality to fund or partially fund public improvements critical and necessary to cause other public and private investment to occur in redevelopment areas. For purposes of D·R·E·A·M, the Board will prioritize this program to approved downtown redevelopment district participants. Board loan proceeds may be used for improvements to streets, sidewalks, lighting, storm and/or waste water improvements, land acquisition, relocation, demolition, renovation, and any other public costs necessary to support a redevelopment project. Borrowers must demonstrate a reasonable ability to repay; however in the event projected revenue streams are insufficient to allow full repayment this program authorizes the use of tax credits to provide full bond repayment. This program may be used in conjunction with TIF, NID, CID, TDD, LCRA's, Urban Redevelopment Corporations, or other local public financing structures.

Community Development Block Grant Program (CDBG)
Provides financial assistance to local governments for public improvements. Qualifying districts and nonprofit organizations may also receive CDBG funding through their local government. The state CDBG program is available to non-entitlement cities and counties in Missouri.

Missouri Downtown Economic Stimulus Act (MODESA)
Provides supplemental state financial assistance for the redevelopment of designated economically depressed areas. MODESA is available for central business districts that are legally designated either a blighted or a conservation area. MODESA allows a portion of certain new state tax revenues generated in the redevelopment area to be diverted for a limited number of years to fund eligible public infrastructure and related costs.

Missouri Downtown Preservation
Provides supplemental state financial assistance for qualifying economic development projects and is available to municipalities with a population of 200,000 or less, and annual median household income of $62,000 or less. The redevelopment project area must be legally designated either a blighted or a conservation area, and not exceed 10% of the entire area of the municipality.