Loading Content...
Affordable Housing in Jefferson City's 65109 Zip Code: Three Decades of LIHTC Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Jefferson City's 65109 zip code contains a substantial inventory of affordable housing funded through the Low-Income Housing Tax Credit (LIHTC) program. This area has 345 total affordable units, all designated as low-income units. Based on the estimated 14,100 housing units in the zip code, LIHTC-funded affordable housing comprises approximately 2.45% of the total housing stock.
The LIHTC projects in this zip code have received $1,469,333 in tax credits, averaging about $4,259 in federal funding per unit. This represents 0.42% of Missouri's total LIHTC funding allocation, indicating a significant investment in affordable housing for this area.
Affordable housing has been a consistent feature of this zip code, with projects spanning from 1987 to 2017. The earliest project, Freeburg Estates, was completed in 1987, while the most recent, Chapel Hill Commons III, was finished in 2017. This 30-year span demonstrates a sustained commitment to affordable housing in the area.
The 2000s saw the most significant development of affordable housing projects, with four projects completed during this decade. Notable projects include Capital City Elderly Apartments (2002), Hyder Elderly Apartments (2004), and Chapel Hill Commons I (2006).
The affordable housing inventory in this zip code consists primarily of one-bedroom and two-bedroom units, with 133 and 144 units respectively. There are also 32 three-bedroom units, providing options for families of various sizes.
One project, Chapel Hill Commons III, completed in 2017, specifically targets handicapped individuals, addressing the needs of this vulnerable population.
Over the past decade, the population in this zip code has remained relatively stable, with a slight increase from 36,187 in 2015 to 36,802 in 2022. The median income has fluctuated, peaking at $72,596 in 2021 before decreasing to $68,143 in 2022. Despite these income changes, the consistent presence of LIHTC projects suggests an ongoing need for affordable housing in the area.
Racial demographics have remained largely stable, with a slight increase in diversity. The white population decreased marginally from 84% in 2015 to 83% in 2022, while the Asian population increased from 1% to 3%, and those identifying as two or more races grew from 1% to 4%.
The 65109 zip code in Jefferson City demonstrates a sustained commitment to affordable housing through LIHTC funding. With 345 low-income units representing 2.45% of the estimated housing stock, these projects play a crucial role in addressing affordable housing needs. The area has seen consistent development of affordable housing over three decades, with a focus on one and two-bedroom units. Recent projects have also targeted specific populations like the handicapped, indicating efforts to meet diverse housing needs. While demographic trends show relative stability, the ongoing development of LIHTC projects suggests a continued demand for affordable housing in this community.
