- A Whopper of an honor: Local company named top Burger King franchisee (11/15/17)3
- Southern Illinois farmer's grapevines destroyed by dicamba; four years of work lost (10/29/17)2
- Aldi store reopens after renovations (11/14/17)3
- Chantelle Becking strives to make a difference through her family and community (11/10/17)
- Federal jury finds surgeon Fonn guilty of kickback scheme (11/10/17)4
- Residents view pedestrian bridge as eyesore; city manager says it's designed to rust (11/13/17)8
- Jackson elementary students try to help others with 'kindness boxes' (11/6/17)1
- Decisions coming soon on steel mill, smelter in New Madrid (11/17/17)1
- State audit: Bollinger County tax levies violate state law; county commission disagrees (11/17/17)3
- Search reveals body in lake near Poplar Bluff; foul play suspected (11/12/17)
Report favors trust fund for housing
WASHINGTON -- A national trust fund for affordable housing would create over a million jobs with up to $50 billion in wages, public housing advocates said Thursday.
A new study released by the Washington-based Center for Community Change justifies the economic benefits of such a fund. Already, housing trust funds exist in more than three dozen states, nearly four dozen cities and six dozen counties.
St. Louis residents voted this year to create a brand-new tax for such a fund and will split the 2.65 percent tax between housing and health care.
But a national fund is the best way to meet the growing need for more housing nationwide as federal dollars disappear, said Andrew Mott, the center's executive director.
Produced by the Northwest Federation of Community Organizations, the report says a $5 billion national trust fund would generate 184,300 construction jobs with $4.9 billion in wages and eventually lead to another 1.6 million jobs paying $44.6 billion in new wages.