Affordable housing is a critical need in mid-Missouri. Several factors contribute to the housing crisis, including lack of affordable housing, lack of a living wage, and insufficient housing stock. CMCA supports families and communities by providing services that address each of these factors.
Lack of Affordable Housing
In CMCA's service area, nearly 22,400 (44.1%) renters and over 10,300 (18.2%) home owners with mortgages are housing cost burdened. A person is considered housing cost burdened when over 30% of their income is spent on housing. There are only 4,950 HUD-subsidized housing units available in CMCA's service area, which includes both public housing units and private rental properties that accept subsidy. Of these, 2,761 (56%) are units owned by landlords who accept Housing Choice Vouchers.
CMCA is authorized to distribute HCV vouchers to assist families in obtaining affordable housing. The number of vouchers CMCA can afford to distribute varies based on the value of the vouchers. CMCA is actively seeking new landlords willing to accept HCV subsidy payments in order to increase the number of housing units available to low-income individuals.
Lack of a Living Wage
The chart below highlights the gap between the average wage earned by renters and the housing wage (the wage required to afford a one, two, or three bedroom rental unit) for each of the counties in CMCA's service area. CMCA offers employment coaching services through SkillUP and the Financial Opportunity Center to assist people in gaining living wage employment.
Renter Wage vs. Housing Wage
|Average Renter Wage
|Housing Wage, 1 BR
|Housing Wage, 2 BR
|Housing Wage, 3 BR
Insufficient Housing Stock
Communities simply do not have enough available housing stock to support families who choose to live there. CMCA's Housing Development Program builds new single family homes and multi-unit apartment complexes and rehabilitates existing properties to increase the available housing stock in our community. CMCA also offers low-income families a path to home ownership through USDA home loan packaging services.
Interested in helping families find affordable housing in your county? Consider supporting our efforts.
1. U.S. Census Bureau. (2021). 2019: ACS 5-Year Estimates Data Profiles, Table DP04.
2. Housing & Urban Development, Office of Policy Development & Research. (2021). Assisted Housing: National & Local, 2020 estimates from 2010 Census.
3. National Low Income Housing Coalition. (2021). Out of Reach: 2021: Missouri.