(KMOV) – St. Louis City Mayor Francis Slay announced plans to use $1 million of tax dollars to building low income housing near the MetroLink stations.
The idea is if people have access to mass transit, they have the ability to get to and from their job. City officials say the sooner they can jump start building, the sooner the payoff for the city.
The mayor’s office told News 4’s Jasmine Huda, it wants to make building affordable housing near MetroLink stations and Metro bus stops a priority.
"If we want people to get out of poverty, they have to work. In order to work, they have to be able to get to their jobs. If they can't afford a car, then it's going to have to be mass transit. So why not build the housing near the transit, so they can get to the jobs and climb out of poverty,” said Jeff Rainford, Chief of Staff to Mayor Slay.
The money comes out of a budget that is devoted to low-income housing.
City leaders said this added carrot of a one-million dollar incentive will ensure that development happens sooner, rather than later.
"You're right, we could wait, 10, 15, 20 years for the marketplace to go. But we think we would have some lost opportunities,” said Rainford.
The official announcement is set to happen on Tuesday morning.