SPRINGFIELD, Mo. – Across Missouri, there is a shortage of rental homes affordable and available to extremely low-income households and many of these families are spending more than half of their income on housing, that’s according to a new report released by the National Low Income Housing Coalition and Empower Missouri.
Jenifer Abreu talked to Isabelle Jimenez Walker with Community Partnership of the Ozarks and Empower Missouri to talk about the need in Springfield and Greene County.
The study says this shortage is true not just in Missouri, but all across the nation. It says “no state has an adequate supply of affordable rental housing for the lowest income renters.“
This means that families of four making less $24,000 a year don’t have enough options they can afford when they’re looking for a house or apartment to rent.
43.3 million households in the U.S. are renters. Of those, 11 million households have extremely-low incomes. But there are only 7.4 million homes available that these extremely low-income families can pay for. This leaves 3.4 million households having to rent something that cost more than what they can afford.
In Missouri, 195,901 households are extremely low-income, but the state only has 82,886 available homes that are affordable to those families.
Which means Missouri needs 113,015 additional affordable rental homes to meet the need and adequately house all of its extreme low-income families.