Affordable Housing Could Be Fixed By Increasing Funding To Housing Trust Fund

Local News Politics State News Tuesday, January 24th, 2023

More people in Missouri means more people need homes. And many Missourians already here face a lack of affordable housing in the state.

One affordable housing advocacy group believes that 72 percent of very low-income households in Missouri are already overpaying for their housing

Vee Sanchez of Empower Missouri believes there is a potential easy solution.

She believes part of the solution is to increase funding for the Missouri Housing Trust fund.

A 3 percent recording fee on all deed transfer documents in the state is currently required.

Sanchez believes if that were increased to 9 percent that would put enough money in the trust fund to fully address the problem of affordable housing and reduce homelessness in Missouri.

Local News Politics State News Tuesday, January 24th, 2023

Reporter Bill Robbins