Why We Do It

Why Are Affordable Housing Programs Needed?

Missouri, and the United States in general, are facing an affordable rental housing crisis. An unprecedented 11 million renter households — more than one in four — spend more than half of their income on rent.* There are currently thousands of people on waitlists for decent housing in counties across Missouri. 

The Low-Income Housing Tax Credit (LIHTC) and Housing Bonds help address this vast and growing need for affordable homes. Without these tools, it is virtually impossible to build new affordable housing. 

LIHTC is the nation’s largest and most successful affordable rental housing production initiative. Since its creation in the 1986 Tax Reform Act, it has leveraged nearly $100 billion in private investment, financing the development of almost 2.8 million affordable rental homes for low-income families.* LIHTC removes government from the process of building, leasing, and maintaining public housing, instead leveraging private investment and market discipline to efficiently house families and conserve taxpayer money.

State-level LIHTCs are critical supplements to federal credits. MOWHA fights to protect state LIHTCs, as well as the the state Affordable Housing Assistance Program. 

*Data courtesy of Enterprise Community Investment.