«  
  »

Only About One Third Of Low Income Missourians In Need Receive Federal Rent Assistance

By , on July 15th, 2015

Within the last few days, STL Today published an article titled “The affordability crisis in the St Louis rental market“, based upon a study recently released by the Urban Institute, revealing that “there is literally no affordable, non-subsidized housing available to St. Louis low-income families.”  While the focus of the article was non-subsidized affordable rentals, it also discussed the increasing number of extra-low-income families forced to pay over 50% of their income on rent.  I was surprised to hear this as I know federal spending on assistance programs has increased significantly over the last decade and I keep hearing that the economy is improving, unemployment is down, etc, so I would have expected a better report.  This prompted me to look into it a little further.

Missouri’s Low-Income Families and Rental Housing-

(We work hard on this and sure would appreciate a “Like”)[iframe http://www.facebook.com/plugins/like.php?href=https%3A%2F%2Fwww.facebook.com%2FStLouisRealEstateNews&send=false&layout=standard&width=50&show_faces=false&font&colorscheme=light&action=like&height=35&appId=537283152977556 100 35 ]

Search St Louis Homes For Sale HERE
See ALL Homes That Will Be Open In St Louis This Weekend

According to a report published by the  Center on budget and Policy Priorities:

  • 96,000 low-income households in Missouri received federal rental assistance
    • Nearly two-thirds of those (64%) have extremely lown incomes (30% of area median income or less)
  • Nearly all of the households (90%) receiving assistance had children, were elderly or disabled (see chart below)
  • 70% of the households receiving HUD rental assistance in Missouri that were not elderly or disabled, worked, had worked recently or were subject to work requirements through another program
  • 21% of the rental assistance in Missouri went to households in rural, or non-metropolitan, areas
  • $517,000,000 in federal rental assistance funding came into Missouri in 2014
  • 165,100 Missouri low-income households pay more than half their income for rent
    • This is 16 percent more than before the recession (see chart below)
  • 7,282 people in Missouri were homeless or living in shelters in 2014.
    • 652 of which are veterans
    • 2,975 of which are families with children
Chart showing make up of households receiving federal rental assistance

Source: Center on budget and Policy Priorities

More Low Income Missouri Renters are paying over half their incomes for housing than before the recession - chart

Source: Center on budget and Policy Priorities

 

Don’t miss these posts!

We don’t spam! Read our privacy policy for more info.

🤞 Don’t miss info like this!

We don’t spam! Read more in our Privacy Policy

Comments are closed.