Cost burdened means that they spend a disproportionate amount of their income on rent, leaving little left over for child care, medical needs, and education. Statistics show that more than half of all rental units in the St. Louis region are occupied by people who pay more than 30% of their income toward rent. A significant number of households are in even more dire situations, paying more than 50% of their earnings towards housing costs. (Statistics courtesy of stlouisfed.org.) Often they may live in overcrowded, unsafe, and unhealthy conditions.
In addition, St. Louis City has one of the highest percentages of children living in poverty. Four out of every ten children in St. Louis live at or below the poverty line.2 Furthermore, in Missouri, to afford a two-bedroom apartment on minimum wage, an employee would have to work 76 hours per week, 52 weeks of the year.3
It's no wonder that we receive 5,000 calls a year from people interested in homewonership!
When people spend too much of their income on housing, it hurts the future of our community. Not only is the economy weakened, but it leaves the future of children in St. Louis City and County uncertain.
Through safe and affordable housing purchased through Habitat for Humanity Saint Louis, we can transform a community, strengthen the local economy, and ensure future generations have the opportunities they deserve.
Clean, decent, and stable housing provides more than just a roof over someone's head. Statistics below (gathered in a study titled "Impact of Homeownership and Affiliate Experiences" by Elissa Baker et all) show how a stable home often becomes a catalyst for other successes and benefits for homeowners and their families.
|97%|| Report an improvement in their family's quality of life.
|92%||Report feeling better about themselves since becoming a homeowner.|
|74%||See an improvement in their family's overall health.|
|57%||Choose to further their education.|
|53%||Experience improved job opportunities.|
Additional benefits of homeownership include:
6. http://www.housingamerica.org/RIHA/RIHA/Publications/48517_RIHAwp01-02.pdf and http://www.habitat.org/sites/default/files/gov_Shelter_Report_2010_Chapter3.pdf