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Affordable Housing Analysis in Zip Code 63383: Warrenton's LIHTC Inventory
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 63383 in Warrenton, Missouri, contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area has 176 total affordable units, all designated as low-income units. Based on the 2022 population of 13,568 and an estimated 5,198 housing units, LIHTC-funded affordable housing comprises approximately 3.4% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 63383 have received $1,290,000 in project tax credits, averaging about $7,330 in federal funding per unit. This zip code holds 0.37% of Missouri's total LIHTC funding, indicating a modest contribution to the state's affordable housing efforts.
Affordable housing has been present in this zip code for nearly three decades. The first LIHTC project, "205 S West St," was completed in 1989, and the most recent, "Fairgrounds Villa," was finished in 2017. The 1990s saw the most affordable housing development, with four projects completed during that decade, including "Warrenton Apts II" and "Village Apts Of Warrenton."
The LIHTC-funded housing in zip code 63383 offers a mix of unit types, with 60 one-bedroom, 44 two-bedroom, and 24 three-bedroom units. This diversity caters to various household sizes and needs within the low-income population. One notable project, "Fairgrounds Villa," completed in 2017, specifically targets the handicapped population, addressing the unique housing needs of this demographic group.
Over the past decade, the zip code's population has remained relatively stable, fluctuating between 12,000 and 13,500 residents. The median income has shown some variability, ranging from about $54,000 to $60,000. The racial composition has remained predominantly white, consistently above 90%, with small increases in Hispanic and multiracial populations. The most recent LIHTC project, completed in 2017, coincides with a period of slight population growth and income fluctuation, suggesting a continued need for affordable housing options in the area.
Zip code 63383 demonstrates a consistent commitment to affordable housing through its LIHTC-funded projects. While these units represent a small percentage of the estimated housing inventory, they provide crucial low-income housing options. The area's demographic stability, combined with ongoing LIHTC development, indicates a sustained effort to meet the community's affordable housing needs. The diversity in unit types and the inclusion of targeted housing for handicapped individuals reflect an attempt to address various housing requirements within the low-income population.
