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Affordable Housing in Bloomfield, Missouri: A Three-Decade Presence
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Bloomfield, Missouri, has a small Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory consisting of 20 units. These units are distributed across two LIHTC-funded projects, representing approximately 1.68% of the city's estimated 1,187 housing units. The city's population in 2022 was 3,099.
The two LIHTC-funded projects in Bloomfield are Lockwood Court Bldg 1-4 and Semo Apts I. Lockwood Court Bldg 1-4, completed in 1988, provides 16 low-income units. Semo Apts I, completed in 1993, adds 4 more low-income units. This indicates that LIHTC-funded affordable housing has been present in Bloomfield for over three decades.
The 1980s saw the most affordable housing development in Bloomfield, with the larger of the two projects completed during this decade. The housing mix in these projects primarily consists of two-bedroom units, with 10 such units across both projects. There is also one one-bedroom unit available.
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Bloomfield has experienced demographic shifts over the past decade. The population decreased from 3,190 in 2013 to 3,099 in 2022, a decline of about 2.9%. The median income increased from $37,112 in 2013 to $43,339 in 2022, representing growth of approximately 16.8%.
The racial composition of Bloomfield has remained relatively stable. In 2013, 97% of the population identified as white, and this percentage was 96% in 2022. There has been a slight increase in diversity, with the percentage of residents identifying as two or more races growing from 0% in 2013 to 2% in 2022.
The absence of new LIHTC projects in the last decade may be attributed to the relatively stable population and the significant increase in median income, potentially reducing the perceived need for additional low-income housing units.
Bloomfield's LIHTC-funded affordable housing inventory has been a consistent part of the community for over 30 years. The two projects provide 20 low-income units, primarily consisting of two-bedroom apartments. While these units represent a small percentage of the city's estimated housing stock, they contribute to the city's affordable housing options.
The demographic trends over the past decade show a slight population decrease, a notable increase in median income, and a relatively stable racial composition with a slight increase in diversity. These factors may have influenced the lack of new LIHTC projects in recent years. Ongoing assessment of affordable housing needs will be crucial to ensure that the housing stock aligns with the changing demographics and economic conditions of Bloomfield.
