Tue July 19, 2011
Nixon pledges home-rebuilding aid in Joplin, Mo.
Missouri Gov. Jay Nixon is proposing to allot $122 million in state and federal aid to rebuild homes destroyed by a tornado that devastated Joplin.
Nixon outlined his plan Tuesday during a news conference in Joplin. Most of the money would flow through the Missouri Housing Development Commission, which provides financial incentives to construct housing for low- and moderate-income residents.
Nixon wants $22 million to be made available soon, with about half of that coming from housing commission programs and the other half from the state Department of Economic Development. He's proposing that the housing commission also change its plans to direct $100 million of state and federal tax credits to Joplin.
The tornado that struck Joplin on May 22 killed 159 people and damaged about 8,000 homes.