CMCA offers USDA home loan packaging services through the Housing Development Program.  Data in the graph above indicates the number of families who have successfully purchased a home through CMCA.

Interested in learning more about buying a home?  Click here to learn more.

The chart below indicates the percentages of families who purchased a home through CMCA by race in FY21.

Interested in supporting CMCA's efforts?  Click here to learn more.

Affordable housing is a critical need in mid-Missouri.  In CMCA's service area, 44% of renters and 18% of 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.  Homeownership offers the opportunity to reduce housing expenses, build equity, and build wealth over time.  Only 2.9% of all homeowners in Boone County and 4.5% of all homeowners in Cole County are low-income.

CMCA's Housing Development Program offers low-income families a path to home ownership through USDA home loan packaging services and by connecting them with down payment assistance programs.  CMCA works with low-income residents interested in homeownership to ensure that they are fully prepared for the responsibilities of homeownership through education classes.  Members can also opt to receive financial counseling through the agency's Financial Opportunity Center.

Interested in helping families find affordable housing in your county?  Consider supporting our efforts.

Sources:

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.   U.S. Census Bureau. (2021). 2019: ACS 1-Year Estimates Data Profiles, Table C17019.

CMCA provides packing services for the USDA 502 Direct Home Loan Program. This program is available to individuals with low, or very low income to purchase homes in rural areas. Funds can be used to build or purchase a new home.

Want to learn more? Check out these Frequently Asked Questions!  Or email: housingloans@cmca.us.

CMCA offers USDA home loan packaging services in partnership with the United States Department of Agriculture Rural Development Department and North East Community Action Corporation.