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Affordable Housing in Lewis Place: Three Decades of LIHTC Projects
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Lewis Place, a neighborhood in St. Louis, Missouri, contains 14 units of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. All of these units are designated as low-income. Based on the 2022 population of 1,302 and using the national average household size, the estimated housing inventory for Lewis Place is approximately 499 units. The LIHTC funded affordable housing comprises about 2.8% of the estimated housing units in the neighborhood.
Lewis Place has had LIHTC funded affordable housing projects since the late 1980s. The initial projects were completed in 1988, including "4449-51 West Belle," "4542 Page Blvd," and "4565 Newberry Ter." The most recent project, "4721-23 Newberry Terr," was completed in 1991. This indicates that affordable housing has been present in the neighborhood for over three decades.
The 1980s saw the most LIHTC funded affordable housing activity in Lewis Place, with three projects completed during this decade. The neighborhood's LIHTC inventory includes seven three-bedroom units and seven four-bedroom units, suggesting a focus on accommodating larger families.
Over the past decade, Lewis Place has experienced a population decline, from 1,901 in 2014 to 1,302 in 2022. Despite this decrease, the median income has shown an upward trend, rising from $19,463 in 2014 to $30,809 in 2022. This increase in median income could potentially indicate a reduced need for additional affordable housing units in recent years.
The racial composition of Lewis Place has remained predominantly Black, though there has been a slight decrease in the Black population percentage from 95% in 2014 to 85% in 2022. Concurrently, there has been a small increase in the White population, from 4% to 11% over the same period.
Lewis Place's LIHTC funded affordable housing inventory, while modest in size, has been a long-standing feature of the neighborhood since the late 1980s. The 14 low-income units, primarily consisting of three and four-bedroom apartments, cater to approximately 2.8% of the estimated housing inventory. No new LIHTC projects have been developed in recent years. The neighborhood has experienced a declining population and an increasing median income, which may influence the current demand for affordable housing. The racial composition has remained predominantly Black, with a slight increase in diversity over the past decade.
