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
Applicable Geographic Scales
Countywide
Municipalities
Key Issues Addressed
Sustainability Considerations
Sub-geographies
Equity Considerations
Expedite and streamline creation of housing supply and wrap-around amenities to households in need.
Creates long-term solutions to housing production.
Related Planning Topic Areas
Inclusive
Economies
Complete Communities
Low
(Less than $1 mil)
Medium
($1-10mil)
Partnership
Implementation
Lead Partner(s)
Beyond Housing
County Housing
Timeline
Ongoing
Near-term
(Within 5 Years)
Supporting Partner(s)
St. Louis County Department of Human Services - Office of Community Development
St. Louis County Department of Transportation and Public Works
Project
Cost
High
($10+ mil)
Project, Partnership, or Policy
Policy
Medium-term
(5-10 Years)
Long-term
(10+ Years)
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
Examine which incentives should be scaled back.
Tracking Success
Official establishment of housing cooperative program.
Number of housing units produced.
If overperforming, what should we do?
Limit the focus to a smaller number of housing cooperatives that can execute the production of housing units.
If underperforming, what should we do?