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Affordable Housing Analysis in Zip Code 63376: LIHTC Funding and Disability-Focused Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 63376 in St. Peters, Missouri, contains 274 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. This zip code spans 33.89 square miles and had a population of 73,934 in 2022. The estimated housing inventory of 28,327 units indicates that LIHTC funded affordable housing comprises approximately 0.97% of the zip code's housing stock.
LIHTC projects in this zip code have received $3,391,486 in project tax credits, averaging $12,378 per unit in federal funding. This zip code accounts for 0.97% of the total state LIHTC funding. Affordable housing development in this area spans over two decades, with the first LIHTC project, St Peters Villa, completed in 1996, and the most recent, Aspen Trails II, finished in 2018. The 2010s saw the most development activity, with three projects completed during this decade.
The LIHTC funded housing in this zip code primarily consists of one-bedroom and two-bedroom units, with 48 one-bedroom and 219 two-bedroom units available. Notably, Aspen Trails II, completed in 2018, targets individuals with disabilities, likely incorporating accessible design features and supportive services.
The zip code has experienced steady population growth, increasing from 70,802 in 2010 to 73,934 in 2022. Median income has risen from $82,943 in 2013 to $90,126 in 2022, indicating an overall improvement in economic conditions. The racial composition has remained relatively stable, with a slight decrease in the white population from 89% in 2013 to 86% in 2022, and small increases in Asian, Black, and multiracial populations.
Zip code 63376 has benefited from LIHTC investments over the past two decades, resulting in 274 affordable housing units. This represents a small portion of the estimated housing stock but signifies ongoing efforts to address affordable housing needs. The area has seen consistent population growth and rising median incomes, alongside gradual racial diversification. These trends, coupled with the most recent LIHTC project targeting individuals with disabilities, suggest a continued need for diverse and accessible affordable housing options in the community.
