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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 65203 in Columbia, Missouri, contains a significant number of Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. The area has 814 total units in LIHTC-funded projects, with 796 designated as low-income units. This represents approximately 3.56% of the estimated 22,843 housing units in the zip code.
The LIHTC projects in zip code 65203 have received $3,701,454 in project tax credits, averaging about $4,547 per unit in federal funding. This zip code accounts for 1.06% of Missouri's total LIHTC funding, indicating a notable concentration of affordable housing investment in this area.
The affordable housing presence in this zip code spans nearly two decades. The earliest project, Columbia Square Apartments, was completed in 2003, while the most recent, Bryant Walkway, was finished in 2019. The 2010s saw the most LIHTC project completions, with five projects finished between 2013 and 2019, including Gentry Estates, Bear Creek Apartments, Stuart Parker Apartments With Paquin Tow, Oak Towers, and Sinclair Estates.
The LIHTC-funded housing in zip code 65203 offers a diverse range of unit types, including 218 efficiencies, 128 one-bedroom, 193 two-bedroom, 126 three-bedroom, and 3 four-bedroom units. This variety caters to different household sizes and needs within the low-income population. Several projects in this area are specifically designed for individuals with disabilities. Bear Creek Apartments, Oak Towers, Sinclair Estates, and Bryant Walkway all target the handicapped population, indicating a focus on accessibility and specialized housing needs within the affordable housing inventory.
Over the past decade, zip code 65203 has experienced steady population growth, increasing from 54,810 in 2013 to 59,620 in 2022. The median income has also risen, from $75,947 in 2013 to $81,934 in 2022, with a peak of $91,745 in 2021. Despite this overall income growth, the continued development of LIHTC projects suggests an ongoing need for affordable housing options.
The racial composition of zip code 65203 has remained relatively stable, with a slight decrease in the white population from 80% in 2013 to 78% in 2022, and small increases in Asian, Black, and Hispanic populations. This gradual diversification aligns with the continued investment in affordable housing to serve a broader range of community needs.
Zip code 65203 in Columbia, Missouri, demonstrates a consistent commitment to affordable housing through its LIHTC-funded projects. With 814 total units, including 796 low-income units, spread across various projects completed over nearly two decades, the area has built a substantial affordable housing inventory. The diverse unit types and focus on accommodating individuals with disabilities reflect efforts to meet varied community needs. While the LIHTC-funded units cover only a small percentage of the estimated total housing inventory, they represent a significant investment in affordable housing for this growing and evolving community.