Recommendation CC.30
Recommendation Status: Expand
Construct infill housing units to meet the needs of growing families and residents who are looking for "move-up" housing.
This recommendation helps achieve the following
Complete Communities
Responsible
Growth
Leading the Region
Inclusive
Economies
Key Issues Addressed
Related Planning Topic Areas
Applicable Geographic Scales
Countywide
Municipalities
Sub-geographies
Equity Considerations
Creating opportunities for economic mobility through housing builds generational wealth.
Sustainability Considerations
Offering larger housing options provides opportunities for residents to remain in St. Louis County without having to relocate to surrounding jurisdictions.
Implementation
Lead Partner(s)
Home Builders Association of St. Louis and Eastern Missouri
St. Louis Realtors Association
Supporting Partner(s)
Cost
Low
(Less than $1 mil)
Medium
($1-5 mil)
High
($10+ mil)
Project, Partnership, or Policy
Project
Partnership
Policy
Timeline
St. Louis County Department of Transportation and Public Works
St. Louis County Department of Planning
Medium-term
(5-10 Years)
Ongoing
Near-term
(Within 5 Years)
Long-term
(10+ Years)
Potential Funding Sources
St. Louis County Port Authority Community Investment Fund
Tracking Implementation
Tracking Success
Permits issued for new housing units (Increase)
Vacant residential lots (Decrease)
If overperforming, what should we do?
Assess data to determine which needs more assistance down construction costs or downpayment assistance. Focus on what gap financing is needed most that may not be as successful.
If underperforming, what should we do?
Provide more gap financing to write down construction costs and downpayment mortgage assistance.