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Affordable Housing in Kirkwood, Missouri: A Decade of LIHTC Development and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Kirkwood, Missouri, a suburban city in St. Louis County, has a population of 27,435 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 106 total units, with 30 designated as low-income units. Based on the estimated housing inventory of 10,511 units, LIHTC funded affordable housing represents approximately 1% of the city's housing stock.
Kirkwood has received funding for 6 LIHTC projects over the years. The initial LIHTC project in Kirkwood was completed in 1988, with the most recent project finished in 2016, indicating a 28-year span of affordable housing development in the city. The 1980s experienced the most affordable housing activity, with four projects completed in 1988 alone, including 405 Alsobrook St, 409 Alsobrook St, 412 New York St, and 415 Meacham St.
The distribution of unit types in Kirkwood's LIHTC projects includes 5 one-bedroom units, 59 two-bedroom units, 33 three-bedroom units, and 9 four-bedroom units. This mix suggests an effort to accommodate various family sizes and household compositions within the affordable housing inventory.
Over the past decade, Kirkwood's population has grown from 26,010 in 2015 to 27,435 in 2022, representing a 5.5% increase. During this same period, the median income rose from $91,353 in 2015 to $103,570 in 2022, an increase of about 13.4%. The racial composition of Kirkwood has remained relatively stable, with a slight decrease in the white population from 88% in 2015 to 85% in 2022, and small increases in Asian and Hispanic populations.
The most recent LIHTC project in Kirkwood was completed in 2016, which coincides with a period of population growth and rising median income. This suggests that while the city's overall economic indicators were improving, there was still a recognized need for affordable housing options.
Kirkwood's LIHTC funded affordable housing inventory, while modest in size, has been developed over nearly three decades, demonstrating a long-term commitment to providing affordable housing options. The city's demographic trends show steady population growth and increasing median income, which may influence future affordable housing needs. The mix of unit sizes in LIHTC projects indicates an effort to accommodate diverse household compositions within the affordable housing stock.
