Rental Market | St. Louis Public Radio

Rental Market

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Housing experts say goals to build more moderate-cost housing to St. Louis County could founder without incentives. Developers are less likely to build properties for low-income renters without them because the cost of development could outweigh profits.

The 2018 For the Sake of All report, “Segregation in St. Louis: Dismantling the Divide,” shows how neighborhoods a few miles apart vary in unemployment, poverty, income and life expectancy rates. It identifies how a few changes in housing policies in the region could give low-income households greater access to areas with more opportunities, such as employment. Several organizations, including ArchCity Defenders, Empower Missouri and Metropolitan St. Louis Equal Housing and Opportunity Council, helped produce the report. 

Landlord Jerry Hopping stands in front of one-story houses in Glasgow Village. Hopping has been a major opponent of a bill requiring rental property owners to get licenses.
Jason Rosenbaum | St. Louis Public Radio

Glasgow Village is a leafy collection of houses that’s just a stone’s throw away from the Mississippi River. It consists of stout and sturdy bungalows and an almost serene quiet during the late morning hours.

But this unincorporated north St. Louis County community is ground zero for what’s become an acrimonious political fight. Many of these one-story dwellings are rental properties, the exact type of places that will soon face tighter regulations from St. Louis County.

The St. Louis County Council rejected legislation aimed at regulating rental property in unincorporated St. Louis County.
Jason Rosenbaum | St. Louis Public Radio

The St. Louis County Council delivered a major blow to a bid to tighten regulations over rental properties in unincorporated St. Louis County.

(Flickr/Charleston's TheDigitel)

Illinois Gov. Pat Quinn’s proposal to give Illinois homeowners’ a guaranteed $500 property tax refund could leave most renters out in the cold, according to tax experts and renters’ rights groups.

(via Flickr/ Charleston's TheDigitel)

Updated 4:04 p.m.

This article first appeared in the St. Louis Beacon, Dec. 12, 2011 - One of the goals of the Federal Housing Administration has been to have as many Americans as possible own their own homes. As President George W. Bush said in 2002, "We can put light where there's darkness, and hope where there's despondency in this country. And part of it is working together as a nation to encourage folks to own their own home."