Affordable Housing in Short Supply in St. Louis Area
ST. LOUIS (AP) - Demand far outpaces affordable housing in the St. Louis region, forcing many renters to spend more on housing than they should.
The St. Louis Post-Dispatch reports that from 2007 to 2011 - the most recent year with data - the number of rental households in the 15-county region that were "cost-burdened" rose 16 percent, to 154,000. "Cost-burdened" is defined as spending at least 30 percent of income on rent and utilities.
More than a quarter of renters spent at least half of their income on housing. Similar increases have occurred in other metropolitan areas across the country.
Housing Authority of St. Louis County director Susan Rollins says a wide gap exists between the area's supply of affordable rental housing and the many residents who need it.
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