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Affordable Housing Analysis in Zip Code 63901: LIHTC Funded Units and Disability-Targeted Projects
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 63901 in Poplar Bluff, Missouri, contains 304 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units constitute approximately 2.3% of the estimated 13,134 housing units in the zip code, based on the 2022 population of 34,279 and the national average household size. The LIHTC projects in this zip code have received $2,246,941 in tax credits, averaging about $7,391 per unit.
The development of affordable housing in zip code 63901 spans from 1989 to 2018, demonstrating a 29-year commitment to providing affordable housing options. The 1990s saw the highest activity in affordable housing development, with five projects completed during that decade. The housing mix in these LIHTC projects includes 51 one-bedroom units, 219 two-bedroom units, and 16 three-bedroom units, accommodating both individuals and families.
Poplar Bluff Villas, completed in 2018, is a notable project that specifically targets individuals with disabilities. This project addresses the unique housing needs of a vulnerable population, potentially offering adapted living spaces and supportive services.
The population of zip code 63901 has shown slight growth over the past decade, increasing from 33,771 in 2013 to 34,279 in 2022. During this period, the median income rose from $36,850 in 2013 to $42,026 in 2022, indicating a modest improvement in economic conditions. The racial composition of the area has remained relatively stable, with a slight decrease in the white population from 88% in 2013 to 85% in 2022, and small increases in other racial groups. The Black population increased from 4% to 6%, and the Hispanic population grew from 1% to 2% during this period.
The completion of South Pointe Apartments in 2016 and Poplar Bluff Villas in 2018 aligns with this period of demographic change, suggesting that these projects may have been developed in response to evolving community needs. Zip code 63901 has an established foundation of LIHTC funded affordable housing, covering about 2.3% of its estimated housing inventory. The area has seen consistent development of affordable housing over nearly three decades, with a mix of unit types to accommodate diverse household sizes.
Recent projects, including one targeting individuals with disabilities, indicate ongoing efforts to address specific community needs. While the LIHTC funded units represent a small portion of the overall housing stock, they provide an important resource for low-income residents in an area that has experienced modest population growth and income increases over the past decade.
