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It’s a familiar rule: People should not spend more than 30% of their income on housing. But for many who rent in St. Louis, that percentage has long been higher.
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The industry group will pay out $418 million over approximately four years, remove compensation offers from multiple listing services and require multiple listing service participants to enter written agreements with buyers.
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The program provides $12,500 in forgivable home loans to any benefits-eligible employee.
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Every year since 2017, Missouri has lost hundreds of thousands of dollars in federal money as a penalty for the state’s failure to meet the anti-discrimination standards of the federal Fair Housing Act.
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Since the 2018-19 school year, the Hazelwood School District has sharply increased its rate of investigating student residency eightfold, deploying a team of employees who can use intrusive tactics.
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The Board of Aldermen returns in September, when a handful of bills designed to help tenants are likely to be introduced.
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22 of the 26 new homes will be designated for families who are ready to buy a home and make below 80% of the area median income, $75,900 for a family of four.
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The project includes the rehabilitation of the historic Melba Theatre on South Grand, which multiple private developers have tried to take on in the past.
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The BorrowSmart Access program offers up to $3,000 to help with the down payment or closing costs on a mortgage for first-time Black and Latino homebuyers.
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Some Belleville Airbnb owners don’t go through the permitting process — and start earning extra money without obtaining business licenses or paying the city’s 8% hotel-motel tax, some in the city allege.