The population of zip code 63116 has fluctuated over the past decade, reaching a peak of 45,734 in 2017 before declining to 42,304 in 2022. Despite this recent population decrease, the median income has generally increased, rising from $45,300 in 2013 to $52,982 in 2022. This upward trend in median income may partially explain the absence of new LIHTC projects in the area since 2002.

Racial demographics in zip code 63116 have remained relatively stable over the past decade. The white population decreased slightly from 62% in 2013 to 57% in 2022, while the Black population increased from 20% to 25%. The Hispanic and Asian populations have maintained relatively constant proportions at approximately 6-7% each. This stability in racial demographics suggests that the existing LIHTC projects continue to serve a diverse community.

In summary, zip code 63116 in St. Louis has a modest LIHTC funded affordable housing inventory, comprising about 2.09% of the estimated housing stock. LIHTC development occurred from 1987 to 2002, with a focus on one-bedroom units. Although no new LIHTC projects have been added in the last two decades, the existing units continue to serve the community. The increasing median income and relatively stable demographics indicate that the current affordable housing stock may be meeting some of the area's needs. However, a comprehensive analysis of other affordable housing programs would be necessary to fully assess housing affordability in this zip code.