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Affordable Housing in Douglas Park: LIHTC Impact on a Changing Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Douglas Park, a neighborhood in Columbia, Missouri, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory consists of 561 total units, all of which are designated as low-income units. This substantial affordable housing stock plays a crucial role in meeting the community's housing needs.
Based on the 2022 population of 3,415 and the national average household size of 2.61, the estimated housing inventory for Douglas Park is approximately 1,308 units. The 561 LIHTC-funded affordable units represent about 42.9% of the estimated housing stock, indicating that LIHTC-funded affordable housing covers a significant portion of the neighborhood's housing inventory.
The LIHTC projects in Douglas Park have received $2,354,740 in tax credits. This translates to an average of $4,197 in federal funding per unit when divided by the total 561 units. This investment demonstrates a substantial commitment to affordable housing in the neighborhood.
The affordable housing projects in Douglas Park span from 2017 to 2019, indicating a recent focus on developing affordable housing in the area. Notable projects include Bear Creek Apartments and Stuart Parker Apartments With Paquin Tow, both completed in 2017, Oak Towers in 2018, and Bryant Walkway in 2019.
The LIHTC-funded housing in Douglas Park offers a diverse range of unit types. The inventory includes 218 efficiencies, 119 one-bedroom units, 87 two-bedroom units, 62 three-bedroom units, and 3 four-bedroom units. This variety caters to different household sizes and needs within the community.
Three of the four projects—Bear Creek Apartments, Oak Towers, and Bryant Walkway—specifically target individuals with disabilities. This focus suggests a concerted effort to address the housing needs of this vulnerable population within the neighborhood.
Over the past decade, Douglas Park has experienced some demographic shifts. The population has grown from 2,996 in 2013 to 3,415 in 2022, indicating a growing demand for housing. Median income has also increased significantly, rising from $13,931 in 2013 to $25,592 in 2022, which may reflect changing economic conditions in the neighborhood.
Racial demographics have also shifted. The white population increased from 51% in 2013 to 57% in 2022, while the Black population decreased from 31% to 25% during the same period. The Asian population remained relatively stable, and there was a slight increase in the Hispanic population.
The construction of LIHTC projects between 2017 and 2019 coincides with these demographic changes, suggesting a response to the growing population and potentially changing housing needs in the neighborhood.
Douglas Park's LIHTC-funded affordable housing inventory represents a significant portion of the neighborhood's estimated housing stock. The recent development of these projects, from 2017 to 2019, indicates a contemporary approach to addressing affordable housing needs. The focus on accommodating individuals with disabilities in three of the four projects highlights a targeted effort to serve vulnerable populations. As the neighborhood continues to experience demographic changes, including population growth and increasing median income, the presence of these affordable housing units may play a crucial role in maintaining socioeconomic diversity and housing accessibility in Douglas Park.
