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Affordable Housing in Louisiana, Missouri: Three Decades of LIHTC Presence
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Louisiana, Missouri, has a small LIHTC-funded affordable housing inventory consisting of 9 low-income units. These units represent approximately 0.46% of the city's estimated 1,958 housing units, based on the 2022 population of 5,111.
The city has 4 LIHTC-funded projects. The earliest known project completion was in 1992, with projects such as Pray Apts and Main Street Apts. The most recent project with a known completion date is Nsi Tella Jane Apts, completed in 1998. This indicates that affordable housing has been present in the city for at least 30 years.
The 1990s saw the most affordable housing activity, with three of the four projects completed during this decade. The distribution of units includes 2 one-bedroom units, 5 two-bedroom units, and 2 three-bedroom units, offering a range of options for different household sizes.
Over the last decade, Louisiana's population has remained relatively stable, fluctuating between 4,886 and 5,111 residents. The median income has shown a general upward trend, increasing from $38,096 in 2015 to $47,890 in 2022. This rise in median income might partially explain the lack of new LIHTC projects in recent years, as the overall economic situation of residents may have improved.
Racial demographics have remained fairly consistent, with the white population comprising the majority (87-89%) throughout the past decade. There has been a slight increase in diversity, with small growths in Hispanic and Black populations. The Hispanic population, in particular, has grown from 3% in 2015 to 7% in 2022.
Louisiana's LIHTC-funded affordable housing inventory, while small, has been a part of the community for three decades. The 9 low-income units, spread across 4 projects, provide a variety of housing options for residents. While the LIHTC-funded units cover less than 1% of the estimated housing inventory, other affordable housing programs may contribute to meeting the city's needs.
The lack of new LIHTC projects in recent years could be related to the rising median income and relatively stable population. However, the slight increase in diversity, particularly in the Hispanic population, might indicate a potential need for continued attention to affordable housing options in the future.
