Builders Patch | HousingCount: Missouri affordable housing data and latest news
Missouri
Summary
Missouri state is facing challenges to housing affordability. For every 100 low-income renter households, there are 83 units available that are affordable to them. The median household income in the state is $37,121 whereas the median rent in the state is $692. Currently, the state is short over 31,594 low-income housing units, meaning rental units that are affordable to households earning ≤60% of AMI.
32.4%
share of renter households
40.2%
share of low-income households
41.3%
share of rent-burdened households
Renter population data
| Households | % share |
|---|---|
| Renter households | 788,386 |
| Homeowner households | 1,645,433 |
| Total households | 2,433,819 |
Low-income renter households
| Households | % share |
|---|---|
| Extremely low-income ≤30% AMI | 99,850 |
| Very low-income 31-50% AMI | 91,045 |
| Low-income 51-80% AMI | 125,846 |
| All low-income households <80% AMI | 316,741 |
Rent-burdened households
| Households | % share |
|---|---|
| Moderately rent-burdened | 167,308 |
| 30.0–34.9% | 61,408 |
| 35.0–39.9% | 46,286 |
| 40.0-49.9% | 59,614 |
| Severely rent-burdened | 157,965 |
| ≥50.0% | 157,965 |
| All rent-burdened households | 325,273 |
Affordable housing shortage
| Amount ($) | 2010 | 2021 | Increase (2010–2021) |
|---|---|---|---|
| Median household income | 26,361 | 37,121 | 40.8% |
| Median rent | 511 | 692 | 35.4% |
Affordable housing stock
| Units | |
|---|---|
| Supply (current stock) | 159,301 |
| Demand (total units needed) | 190,895 |
| Shortage | 31,594 |
83.4% supply/demand ratio
Finance institutions
Montana Housing
Montana Housing
301 South Park Avenue, Suite 240
Helena, MT 59601
List of loan programs:
- Multifamily Loan Program
- Conduit Bond Program
- Coal Trust Multifamily Homes Program
- Housing Montana Fund
Missouri Housing Development Commission
Missouri Housing Development Commission
920 Main Street, Suite 1400
Kansas City, MO 64105-2017
List of loan programs:
- Missouri Housing Trust Fund (MHTF)
- Missouri Housing Innovation Program
- Missouri Affordable Housing Assistance Program
- HOME program
- The National Housing Trust Fund (HTF)
- HOME Investment Partnerships American Rescue Plan (HOME-ARP)
QAP document (Qualified Allocation Plan)
The QAP is a document that states, and a few local agencies, must develop in order to distribute federal Low Income Housing Tax Credits (LIHTCs), which can be awarded only to a building that fits the QAP’s priorities and criteria. Each QAP must spell out a housing finance agency’s (HFA’s) priorities and specify the criteria it will use to select projects competing for tax credits. The priorities must be appropriate to local conditions.