Paying 80% of income to housing
On Thursday, Empower Missouri, along with more than 100 other individuals and organizations, signed and delivered a letter to Governor Parson and House and Senate leadership encouraging them to re-institute the Low Income Housing Tax Credit statewide match. Missouri has a dire shortage of affordable and available rental housing. The National Low Income Housing Coalition reports that 113,015 extremely low income households in Missouri are unable to secure housing that is affordable to them.
According to Sarah Owsley Townsend many lower income residents are paying a large portion of their income for housing…..
She said Missouri is estimated to lose over 10,000 affordable homes in the coming months. Without a statewide match, the production of affordable housing has also slowed. In addition, either we invest on the front end, or we pay out on the back end with increased need for homeless services and higher healthcare costs.