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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Botanical Heights, formerly McRee Town, is a neighborhood in St. Louis, Missouri. It contains 23 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, all designated as low-income. These units represent approximately 5.2% of the neighborhood's estimated 442 housing units.
The neighborhood's LIHTC funded affordable housing projects date back to the late 1980s. Initial projects were completed in 1988, including developments at 4061 Blaine Ave, 4152-54 Folsom, 4017 McRee Ave, and 4022-26 Blaine. The most recent projects were completed in 1989, comprising 4032-34 Blaine and 4126 McRee Ave. This indicates a three-decade presence of affordable housing in the area.
All six known LIHTC projects in Botanical Heights were constructed during the 1980s. The unit distribution includes 11 one-bedroom units, 9 two-bedroom units, and 3 four-bedroom units, offering housing options for various household sizes.
Botanical Heights has undergone significant demographic changes over the past decade. The population has remained relatively stable, with 1,153 residents in 2022 compared to 1,274 in 2012. However, the median income has increased substantially, rising from $17,413 in 2013 to $68,271 in 2022. This considerable income growth may suggest a reduced need for additional affordable housing in recent years.
The neighborhood's racial composition has also shifted notably. In 2013, the population was 69% Black and 26% White. By 2022, the demographics had changed to 34% Black and 49% White, with increases in Asian (6%) and Hispanic (7%) populations. This diversification coincides with the period of rising median incomes.
In summary, Botanical Heights maintains a modest inventory of LIHTC funded affordable housing, comprising about 5.2% of the estimated housing stock. These units, developed in the late 1980s, offer a range of one-, two-, and four-bedroom options. While no new LIHTC projects have been added recently, the neighborhood has experienced significant demographic changes, including a substantial increase in median income and a shift in racial composition. These changes may have influenced the perceived need for additional affordable housing in the area. It is important to note that other affordable housing programs not captured in this data may also contribute to the neighborhood's overall affordable housing inventory.