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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 65613 in Bolivar, Missouri, contains a substantial Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area encompasses 334 total units in LIHTC funded projects, with 311 of these designated as low-income units. Based on the 2022 population of 17,225 and estimated 6,600 housing units, LIHTC funded affordable housing comprises approximately 5.06% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 65613 have received $2,878,847 in tax credits, averaging about $8,619 in federal funding per unit. This represents 0.82% of Missouri's total LIHTC funding allocation, indicating a significant investment in affordable housing for this area.
Affordable housing has been present in zip code 65613 for over three decades, with the first LIHTC project, Bolivar Heights Apts Bldgs, completed in 1987, and the most recent, Frisco Senior Village, in 2020. The 2000s saw the most affordable housing development, with projects like Bolivar Plaza Apts, Southtown, and Bolivar Fields Apts completed during this decade.
The LIHTC funded housing stock in zip code 65613 is diverse, with 88 one-bedroom, 146 two-bedroom, 81 three-bedroom, and 1 four-bedroom units. This distribution suggests a focus on accommodating various family sizes and needs.
Two projects stand out for their targeted populations: Aldrich Creek Estates and Frisco Senior Village, both designed for individuals with disabilities. These projects likely incorporate specific design features and services to meet the unique needs of this population.
Over the past decade, the population in zip code 65613 has remained relatively stable, fluctuating between 17,000 and 18,000 residents. The median income has shown some variability, ranging from about $41,800 to $49,000. The racial composition has been predominantly white (over 90%) with slight increases in diversity, particularly in Hispanic and Black populations.
The construction of Frisco Senior Village in 2020 aligns with the aging population trend seen in many areas, addressing the growing need for senior-friendly affordable housing options.
Zip code 65613 has a well-established LIHTC funded affordable housing inventory, developed over three decades. The area has received a significant portion of Missouri's LIHTC funding, resulting in a diverse range of housing options. Recent projects have focused on specific populations like seniors and individuals with disabilities, reflecting evolving community needs. While LIHTC funded units cover about 5% of the estimated housing inventory, this program represents just one component of the area's overall affordable housing strategy.