Advertisements

The St Louis Contrarian

Providing Independent and Intelligent Insight on St. Louis Public Policy Issues

St. Louis Affordable Housing Trust Fund

The St. Louis Post Dispatch had a good article about the status of the City of St. Louis Affordable Housing Trust Fund. This fund was voted on and approved by the voters of St. Louis about 15 years ago. The purpose of the fund is to construct, rehab, and preserve affordable housing. A hunk of the funds need to be used for persons at or below 50% of the area median income. It has served the community well and has contributed to neighborhood stabilization.

Mayor Slay and now Mayor Krewson have tapped into the fund for other purposes. While I am sympathetic to the financial needs of the city, the purpose for which the fund was established was for housing. I consider other uses to be illegal. Activists need to get on this issue.

Advertisements

Single Post Navigation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: