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Affordable Housing in Jefferson City: LIHTC Funding and Demographic Trends
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Jefferson City, Missouri's capital, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 257 total units, with 221 designated as low-income units. This represents approximately 1.31% of the city's estimated 19,630 housing units. The city has received $472,000 in project tax credits through the LIHTC program, averaging $94,400 per project and $1,836 per unit across approximately 5 projects. Jefferson City holds 0.13% of Missouri's total LIHTC funding.
Affordable housing development in Jefferson City spans nearly two decades. The earliest LIHTC project, Capital City Apartments, was completed in 2000, while the most recent, Chapel Hill Commons III, was finished in 2017. The 2000s saw the highest affordable housing development activity, with four out of five projects completed during this period. The LIHTC-funded housing stock comprises 121 one-bedroom units, 85 two-bedroom units, and 51 three-bedroom units, indicating a focus on smaller households and families.
Chapel Hill Commons III, completed in 2017, specifically targets the handicapped population, likely including features to accommodate residents with physical disabilities and potentially offering tailored supportive services.
Jefferson City's population has remained relatively stable over the last decade, with only minor fluctuations. The median income has shown an upward trend, increasing from $59,915 in 2017 to $64,173 in 2022. This rise may indicate a growing need for affordable housing options for lower-income residents facing increased housing costs.
Racial demographics have remained fairly consistent, with a slight increase in diversity. The white population decreased marginally from 78% in 2013 to 76% in 2022, while the Black population increased from 13% to 15% during the same period. The Asian and Hispanic populations also experienced small increases. This gradual shift towards greater diversity may influence future affordable housing needs and planning.
Jefferson City's LIHTC-funded affordable housing inventory provides important housing options for low-income residents, despite its modest scale. The city has maintained a steady pace of affordable housing development over the past two decades, focusing on smaller units suitable for individuals and small families. The recent project targeting the handicapped population demonstrates an effort to address specific community needs. As the city's demographics continue to evolve and median income rises, ongoing assessment and potential expansion of affordable housing options may be necessary to ensure adequate housing accessibility for all residents.
