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Affordable Housing in Mountain View, Missouri: A Three-Decade LIHTC Journey
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Mountain View, Missouri, maintains a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city possesses 75 total units in LIHTC-funded projects, with 57 designated as low-income units. Based on the 2022 population of 4,162 and an estimated 1,595 housing units, LIHTC-funded affordable housing comprises approximately 4.7% of the city's estimated housing inventory.
Mountain View's LIHTC-funded affordable housing projects span over three decades. The initial project, Valley View Apts II, was completed in 1991, while the most recent project, Mountain View Apts, was finished in 2004. This indicates a 13-year period of LIHTC project development in the city.
The 1990s witnessed the highest number of LIHTC project completions, with two projects: Valley View Apts II (1991) and Valley View Apts III (1996). The third project, Mountain View Apts, was completed in 2004. LIHTC-funded housing in Mountain View offers a variety of unit types, including 4 one-bedroom units, 47 two-bedroom units, and 24 three-bedroom units. This distribution suggests an emphasis on accommodating small to medium-sized families.
Over the past decade, Mountain View's population has remained relatively stable, fluctuating between approximately 3,900 and 4,300 residents. The median income has increased significantly, rising from $26,174 in 2017 to $41,166 in 2022. This upward trend in income may partially explain the absence of new LIHTC projects in recent years.
The racial composition of Mountain View has remained predominantly white, consistently around 95% of the population throughout the last decade. There has been a slight increase in Hispanic residents, from 0% in 2013 to 2% in 2022, and a small presence of residents identifying as two or more races.
Mountain View's LIHTC-funded affordable housing inventory provides 75 units of affordable housing, with 57 designated as low-income units. This accounts for approximately 4.7% of the estimated housing inventory. The city experienced LIHTC project development from 1991 to 2004, with a focus on two and three-bedroom units. Despite no new LIHTC projects in recent years, the city has experienced a significant increase in median income, which may influence the perceived need for additional affordable housing. The racial composition has remained stable, with a slight increase in diversity. These factors provide context for understanding the current state of affordable housing in Mountain View.
