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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Hamilton Heights, a neighborhood in St. Louis, Missouri, had a population of 3,073 in 2022. The area features a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 68 units, all designated as low-income. This comprises approximately 5.8% of the neighborhood's estimated 1,177 housing units.
The LIHTC program has invested $227,892 in project tax credits for affordable housing in Hamilton Heights, averaging $3,351 per unit in federal funding. The neighborhood's affordable housing presence dates back to 1988, with the most recent project completed in 2013.
The 1980s were the most active period for affordable housing development, with three projects completed: 5315 Wells Ave (1988), 5887 Page Blvd (1989), and 1309 Blackstone Ave (1989). An additional project, 1361 Temple Pl, was completed in 1992.
The LIHTC funded housing in Hamilton Heights includes a variety of unit sizes: 5 one-bedroom units, 10 two-bedroom units, 6 three-bedroom units, and 2 four-bedroom units. This diverse mix aims to accommodate various household sizes within the affordable housing stock.
Hamilton Heights has undergone demographic changes over the past decade. The population decreased from 3,461 in 2013 to 3,073 in 2022. Despite this decline, the median income increased significantly from $14,500 in 2013 to $22,266 in 2022, suggesting a changing economic landscape in the neighborhood.
The racial composition of Hamilton Heights has remained predominantly African American, with a slight decrease from 99% in 2013 to 95% in 2022. The white population increased from 0% to 3%, and residents identifying as two or more races increased from 1% to 2% during this period.
No new LIHTC projects have been completed since 2013. This may be related to the rising median income in the area, potentially reducing the perceived need for additional affordable housing units.
Hamilton Heights presents a case of long-standing LIHTC investment, with projects spanning from 1988 to 2013. The neighborhood's affordable housing stock, while covering only 5.8% of the estimated housing inventory, provides a mix of unit sizes to accommodate diverse household needs. The area has experienced a slight population decrease and significant median income increase over the past decade, which may have influenced the lack of new LIHTC projects since 2013. Despite these changes, the racial composition has remained relatively stable, with a strong African American majority. These trends provide context for understanding the evolving affordable housing landscape in Hamilton Heights.