Recommendation IE.20
Recommendation Status: New
Establish a housing cooperative program that offers incentives such as grants, tax breaks, zoning adjustment, and expedited permitting to encourage the development of sustainable, affordable housing cooperatives.
This recommendation helps achieve the following
Complete
Communities
Inclusive
Economies
Key Issues Addressed
Related Planning Topic Areas
Applicable Geographic Scales
Countywide
Municipalities
Sub-geographies
Equity Considerations
Expedite and streamline creation of housing supply and wrap-around amenities to households in need.
Sustainability Considerations
Creates long-term solutions to housing production.
Implementation
Lead Partner(s)
Project
Partnership
Policy
Beyond Housing
County Housing
Supporting Partner(s)
St. Louis County Department of Human Services - Office of Community Development
St. Louis County Department of Transportation and Public Works
Cost
Low
(Less than $1 mil)
Medium
($1-10mil)
High
($10+ mil)
Medium-term
(5-10 Years)
Ongoing
Near-term
(Within 5 Years)
Long-term
(10+ Years)
Project, Partnership, or Policy
Timeline
Potential Funding Sources
Community Development Block Grant
HOME Investment Partnership
Federal Home Loan Bank
St. Louis County Port Authority Community Investment Fund
Missouri Housing Development Commission
Missouri Department of Revenue
Tracking Implementation
Tracking Success
Official establishment of housing cooperative program.
Number of housing units produced.
If overperforming, what should we do?
Examine which incentives should be scaled back.
If underperforming, what should we do?
Limit the focus to a smaller number of housing cooperatives that can execute the production of housing units.