Joplin officials exploring additional ways to encourage affordable housing development

Joplin officials are exploring additional ways to encourage affordable housing development as city leaders acknowledge that existing incentives have not been enough to address local housing needs.

During Monday's City Council meeting, council member Charles Copple asked city staff to investigate more aggressive financing and tax incentives that could help developers build or rehabilitate housing for lower-income residents.

City planner Thomas Walters said some existing tools could be used for housing projects, including Chapter 353 redevelopment incentives and limited Chapter 100 sales tax exemptions.

However, he cautioned that traditional tax abatements alone are unlikely to resolve the city's housing challenges.

Walters said previous discussions included the possibility of establishing a community development financial institution, or CDFI, to expand access to financing for housing projects.

City officials are also preparing an update to Joplin's comprehensive plan, which is expected to include housing needs and development considerations.

The discussion follows earlier research showing limited rental vacancies in the city. A 2022 housing study found that just three of 48 surveyed apartment complexes reported available units.

A separate redevelopment study presented Monday estimated that average apartment rent in Joplin had increased 10.4% over the preceding year, reaching approximately $1,009 per month.

Assistant City Manager Tony Robyn said local housing and community service organizations recently identified housing as a leading priority during a regional planning retreat.

Council members also requested additional consideration of landlord relationships, tenant concerns and outreach to potential developers.

Staff members expect to return with recommendations after completing additional work with community partners.

No new housing incentive program was adopted Monday.