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Safe & Stable Housing and 3 more... less...

Develop Housing Projects

Develop Housing Projects

Develop New Housing Projects

# safe and affordable housing units developed by CMCA

Current Value

1

Q1 2022

Definition

Line Bar

Story Behind the Curve

CMCA's Housing Development Program works to increase the stock of affordable housing in mid-Missouri through new builds of single family homes and muti-unit apartment complexes.  Data indicates the number of new safe and affordable housing units developed by CMCA.

Looking for housing?  Explore our Housing Choice Voucher Program or learn more about the USDA Home Loan Program.

Why Is This Important?

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

Wage Audrain Boone Callaway Cole Cooper Howard Moniteau Osage
Average Renter Wage $12.90 $12.14 $13.15 $12.97 $10.94 $8.28 $9.58 $9.91
Housing Wage, 1 BR $8.96 $13.88 $10.92 $10.50 $9.96 $10.08 $9.65 $10.50
Housing Wage, 2 BR $12.98 $16.81 $14.38 $13.04 $13.13 $13.29 $12.73 $13.04
Housing Wage, 3 BR $16.58 $22.56 $19.08 $18.54 $17.98 $17.38 $16.50 $18.54

 

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.

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.  National Low Income Housing Coalition. (2021). Out of Reach: 2021: Missouri.

How We Impact

CMCA's Housing Development Program partners with various for-profit developers and nonprofit partners to complete a number of multi- and single-family housing units through the service area, thereby providing affordable housing opportunities for low-income individuals.  

Multi-family rental housing development provides for safe, affordable housing for families, the elderly, and the disabled, insuring those of low and moderate incomes a place to live at a reasonable price.  CMCA is a partner on a number of apartment complexes in the region. While each development is unique, the agency’s participation has ranged from a general partner (or co-general partner) to the property manager. The agency has participated in various Missouri Housing Development Commission programs including tax credits and CHDO funds, which have enabled a number of affordable housing projects being developed and rehabilitated in the service area.

Interested in helping CMCA make an impact in your community?  Click here to learn more.

Partners

                                             

CMCA partners with lending institutions, the U.S. Department of Housing and Urban Development, Rural LISC, and the City of Columbia in constructing and making homes available for purchase or rent.  CMCA would also like to acknowledge the Minnesota Housing Partnership, our technical assistance provider.

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