In 2017 the Missouri Housing Development Commission voted 8 to 2 to zero out the state's low-income housing tax credit for 2018.
Greitens phoned into the meeting and voted to zero out the tax credits while then Lt.
Governor Mike Parson voted to keep them.
Greitens said in a written statement that "special interests abused low income housing tax breaks to make themselves rich."
Following Greitens's appointments to the commission and the 2017 vote, Missouri did not issue $140 million in state low-income housing tax credits.
The low-income housing tax credit program was cut from over $1.3 billion over the previous decade to zero.
Greitens accused the low-income housing industry of conspiring to upend his political career though legal troubles and the threat of impeachment.
It was later determined that a month after he orchestrated the demise of the tax credit, local newspaper publisher Scott Faughn paid $50,000 in cash to the attorney for the ex-husband of the woman who accused Greitens of sexual misconduct.
The Kansas City Star reported on July 8, 2019, that Faughn eventually paid the attorney another $70,000 in cash, keeping the transactions secret for months while continuing to cover Greitens both in his newspaper and on his TV show, which is sponsored by Sterling Bank, a Poplar Bluff-based bank highly involved in low-income housing tax credits.
When the payments were eventually revealed, Faughn fled the state to avoid a subpoena from Greitens's lawyers.
The attorney who received the payments testified that he was told the cash came from a GOP donor who wanted to oust Greitens.

When Parson took over as governor following Greitens's resignation in June 2018, he was adamant that the $150 million program remain dormant until the legislature passed reforms.
In May 2019, after the legislature was unable to reconcile differences between the two chambers in a bill to restart the program, Parson's office announced that he would consider restoring the credits without the legislature, but he ultimately decided against doing so.
In 2017 the Missouri Housing Development Commission voted 8 to 2 to zero out the state's low-income housing tax credit for 2018. Greitens phoned into the meeting and voted to zero out the tax credits while then Lt. Governor Mike Parson voted to keep them. Greitens said in a written statement that "special interests abused low income housing tax breaks to make themselves rich." Following Greitens's appointments to the commission and the 2017 vote, Missouri did not issue $140 million in state low-income housing tax credits. The low-income housing tax credit program was cut from over $1.3 billion over the previous decade to zero. Greitens accused the low-income housing industry of conspiring to upend his political career though legal troubles and the threat of impeachment. It was later determined that a month after he orchestrated the demise of the tax credit, local newspaper publisher Scott Faughn paid $50,000 in cash to the attorney for the ex-husband of the woman who accused Greitens of sexual misconduct. The Kansas City Star reported on July 8, 2019, that Faughn eventually paid the attorney another $70,000 in cash, keeping the transactions secret for months while continuing to cover Greitens both in his newspaper and on his TV show, which is sponsored by Sterling Bank, a Poplar Bluff-based bank highly involved in low-income housing tax credits. When the payments were eventually revealed, Faughn fled the state to avoid a subpoena from Greitens's lawyers. The attorney who received the payments testified that he was told the cash came from a GOP donor who wanted to oust Greitens.
When Parson took over as governor following Greitens's resignation in June 2018, he was adamant that the $150 million program remain dormant until the legislature passed reforms. In May 2019, after the legislature was unable to reconcile differences between the two chambers in a bill to restart the program, Parson's office announced that he would consider restoring the credits without the legislature, but he ultimately decided against doing so.
Eric Greitens