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Affordable Housing in Hazelwood, Missouri: A Study of Limited LIHTC Inventory
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Hazelwood, Missouri, a city with a population of 25,184 in 2022, has a limited Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has two LIHTC projects that provide a total of 2 affordable housing units, all of which are designated as low-income units. These units represent approximately 0.02% of the city's estimated housing inventory of 9,649 units.
The LIHTC program has supported affordable housing in Hazelwood since 1992. Both LIHTC projects, Becker I and Becker II, were completed in that year, marking the beginning of federally-funded affordable housing initiatives in the city. Each project consists of a single three-bedroom unit, contributing to the city's affordable housing options for families.
The 1990s saw the only LIHTC project completions in Hazelwood, indicating a period of focused affordable housing development. There have been no new LIHTC projects in the city since then, which may suggest a shift in housing priorities or needs over the past three decades.
Hazelwood's population has experienced some fluctuation over the last decade, with a slight overall decrease from 25,940 in 2010 to 25,184 in 2022. The median income has shown an upward trend, rising from $50,965 in 2013 to $58,713 in 2022, potentially indicating improving economic conditions for some residents.
Racial demographics have shifted noticeably during this period. The percentage of white residents decreased from 58% in 2013 to 46% in 2022, while the Black population increased from 32% to 42%. The city has also seen a slight increase in racial diversity, with growth in Asian and multiracial populations.
Despite these demographic changes, there have been no new LIHTC projects in Hazelwood since 1992. This could be due to various factors, including changes in housing policy, alternative affordable housing initiatives, or shifts in local housing needs and priorities.
Hazelwood's LIHTC-funded affordable housing inventory consists of two projects completed in 1992, providing a total of 2 low-income units. This represents a small fraction of the city's estimated housing stock. The city has experienced demographic shifts over the past decade, including population fluctuations, increasing median income, and changes in racial composition. These factors, along with potential changes in local housing policies and priorities, may have influenced the lack of new LIHTC developments in recent years.
