Neighborhood Preservation Act

To provide an incentive for the rehabilitation or construction of owner-occupied homes in certain areas of the state.

 

Upload Program Documents

Upload Program Application(s) and Documents

The FTP is a file system that allows you to send large documents that are too big to go through email. Sending documents through FTP can also help you save space in your inbox!

To upload a file, please click the following link and enter the username and password provided below: 

Username: ded.redevelopment
Password: BCSformupload2020

Please begin file name (Notes) with project address - followed by document description.
Example:  123 Main Street – Final Application

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A notification email confirming receipt will be sent to the email address listed in the application within 3 business days.

The original Application and attachments should be mailed to the address below:
Department of Economic Development
PO Box 118
Jefferson City, MO 65102

The 2020 NPA application period is now available.  The postmark deadline for the 2020 NPA application is February 15, 2020.  Once all applications have been received and processed, award and denial letters will be sent no later than June 30, 2020.

Note:  Please submit the Certification of Alien Employment form with all final applications. This includes all program years, 2000-present. Originally this document was sent with the final application from 2000-2004. However, in 2005 the form was included with the preliminary application. There has been a change in requirements and this form is now required with the final application for all program years including 2000-present.

Note:  Please be advised that “soft costs” will not be allowed as qualified rehabilitation expenditures, regardless of whether they are paid or accrued, if: 

(1) the transaction is between the same individual;

(2) the transaction is between the same business entity;

(3) the transaction is between a “wholly owned entity” or “disregarded entity” and its owner; or

(4) the transaction is between one “wholly owned entity” or disregarded entity” and another “wholly owned entity” or “disregarded entity,” both of which have the same owner.

“Soft costs” include, but are not necessarily limited to, developer fees and general contractor fees.  “Wholly owned entity” and “disregarded entity” have the same meanings prescribed by 26 CFR § 301.7701-2(c)(2) and 26 CFR § 1.368-2(b)(1)(i)(A), respectively, and related Treasury Regulations.  In essence, a “wholly owned entity” or “disregarded entity” is a business entity that is disregarded as separate from its owner for taxation purposes.  DED further reserves the right to disallow “soft costs” in connection with a transaction other than one listed above if such other transaction does not result in a taxable event.

Eligibility requirements: 

ELIGIBLE AREAS:
“Qualifying Areas” include “distressed communities,” as defined in 135.530, RSMo, and areas with a median household income of less than 70% of the median household income for the applicable MSA or non-MSA.

“Eligible Areas” with a median household income of 70% to 89% of the median household income for the applicable MSA or non-MSA.

ELIGIBLE APPLICANTS:
Any taxpayer who incurs eligible costs for a new residence or rehabilitates a residence for owner occupancy that is located in a designated area.

Application Process

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