Loading Content...
Affordable Housing Analysis in Zip Code 63112: Three Decades of LIHTC Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 63112 in St. Louis, Missouri, contains a significant number of Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. This area has 885 total units in LIHTC-funded projects, with 847 designated as low-income units. Based on an estimated 7,547 housing units in the zip code, LIHTC-funded affordable housing represents approximately 11.7% of the housing inventory. This indicates a substantial presence of affordable housing in the area.
The LIHTC projects in zip code 63112 have received $3,060,955 in tax credits, averaging about $3,458 per unit in federal funding. This zip code accounts for 0.87% of the total LIHTC funding allocated to Missouri, suggesting a significant concentration of affordable housing investment in this area. The first LIHTC projects in the zip code were completed in 1988, with "5315 Wells Ave" and "5521 Maffitt Ave" marking the beginning of affordable housing development in the area.
The 1990s saw the most significant affordable housing development activity, with projects like "Winston Churchill Apts" (1995) and "Goodfellow Apts" (1996) being completed. The inventory includes a diverse mix of unit types, with 147 efficiencies, 252 one-bedroom, 206 two-bedroom, 96 three-bedroom, and 20 four-bedroom units, catering to various household sizes. The most recent project listed is "Nathaniel Rivers Place," completed in 2018, demonstrating a 30-year span of affordable housing presence in the zip code.
Two projects stand out for their targeted populations: "Village At Delmar Place" (2015) and "Nathaniel Rivers Place" (2018), both designed for residents with disabilities, indicating a focus on accessible housing in recent years.
Over the past decade, zip code 63112 has experienced fluctuations in population, with a general downward trend from 21,060 in 2014 to 19,698 in 2022. Despite this population decrease, the median income has shown significant growth, rising from $29,888 in 2014 to $42,742 in 2022, suggesting improving economic conditions for residents.
Racial demographics have remained relatively stable, with a slight decrease in the Black population from 71% in 2014 to 63% in 2022, and a small increase in the White population from 22% to 26% over the same period. The Asian and Hispanic populations have also seen minor increases.
The completion of two LIHTC projects targeting residents with disabilities in 2015 and 2018 aligns with the period of increasing median income, possibly reflecting a need for specialized affordable housing even as overall economic conditions improved.
Zip code 63112 has a substantial LIHTC-funded affordable housing presence, representing about 11.7% of the estimated housing stock. The area has seen continuous affordable housing development over three decades, with a focus on diverse unit types and recent attention to accessible housing for residents with disabilities. Despite a slight population decline, rising median incomes and stable racial demographics suggest a changing economic landscape that continues to support the need for affordable housing options in the community.
