# 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 | 32.4%   |
| Homeowner households           | 1,645,433 | 67.6%   |
| Total households               | 2,433,819 | 100.0%  |

#### Low-income renter households

| Households                      | % share |
|--------------------------------|---------|
| Extremely low-income ≤30% AMI | 99,850  | 12.7%   |
| Very low-income 31-50% AMI    | 91,045  | 11.5%   |
| Low-income 51-80% AMI         | 125,846 | 16.0%   |
| All low-income households <80% AMI | 316,741 | 40.2% |

### Rent-burdened households

| Households                      | % share  |
|--------------------------------|---------|
| Moderately rent-burdened      | 167,308 | 21.2%   |
| 30.0–34.9%                     | 61,408  | 7.8%    |
| 35.0–39.9%                     | 46,286  | 5.9%    |
| 40.0-49.9%                     | 59,614  | 7.6%    |
| Severely rent-burdened        | 157,965 | 20.0%   |
| ≥50.0%                         | 157,965 | 20.0%   |
| All rent-burdened households   | 325,273 | 41.3%   |

### 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](https://housing.mt.gov/_shared/Multifamily/docs/MFLoanHighlights.pdf)
- [Conduit Bond Program](https://housing.mt.gov/_shared/Multifamily/docs/ConduitPolicy-.pdf)
- [Coal Trust Multifamily Homes Program](https://housing.mt.gov/_shared/Multifamily/docs/CTHiglights1.pdf)
- [Housing Montana Fund](https://housing.mt.gov/_shared/Multifamily/docs/HMFHighlights.pdf)

#### 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)](https://mhdc.com/programs/community-programs/missouri-housing-trust-fund-mhtf/)
- [Missouri Housing Innovation Program](https://mhdc.com/programs/community-programs/missouri-housing-innovation-program-mohip/)
- [Missouri Affordable Housing Assistance Program](https://mhdc.com/programs/community-programs/missouri-affordable-housing-assistance-program-ahap/)
- [HOME program](https://www.hud.gov/program_offices/comm_planning/home)
- [The National Housing Trust Fund (HTF)](https://www.hud.gov/program_offices/comm_planning/htf)
- [HOME Investment Partnerships American Rescue Plan (HOME-ARP)](https://www.hudexchange.info/programs/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.