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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Northwest neighborhood of University City, Missouri, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. There are 12 affordable units, all designated as low-income units. Based on the 2022 population of 8,908 and an estimated 3,413 housing units, LIHTC-funded affordable housing comprises approximately 0.35% of the neighborhood's estimated housing inventory.
The Northwest neighborhood has LIHTC-funded affordable housing projects from several decades. The earliest recorded project, "1312 Eastover Ave," was completed in 1992, while "Ehpc 9" was finished in 2000. This indicates at least an eight-year period of affordable housing development in the area. The 1990s appear to be the decade with the most affordable housing projects completed.
The inventory consists of three-bedroom units, with all 12 of the LIHTC-funded units in this category. This suggests a focus on providing affordable housing options for families or larger households in the neighborhood.
Over the past decade, the Northwest neighborhood has experienced fluctuations in its demographic makeup. The population has remained relatively stable, with 8,908 residents in 2022 compared to 9,229 in 2014. There has been an increase in median income, rising from $47,001 in 2014 to $54,823 in 2022, representing a 16.6% increase.
Racial demographics have shifted slightly. The Black population has remained the majority but decreased from 55% in 2014 to 58% in 2022. The White population has increased marginally from 27% to 31% during the same period. There has been an increase in the Asian population, growing from 2% in 2014 to 6% in 2022.
These demographic shifts, particularly the increase in median income, may partially explain why there have not been new LIHTC projects in recent years. The rising income levels could indicate a reduced need for additional affordable housing in the neighborhood.
The Northwest neighborhood of University City, Missouri, has a modest LIHTC-funded affordable housing inventory, consisting of 12 three-bedroom units. This represents a small percentage of the estimated housing stock, providing affordable options for larger households since the early 1990s. The neighborhood has experienced demographic changes over the past decade, including an increase in median income and shifts in racial composition. These changes may have influenced the lack of recent LIHTC developments in the area. Other affordable housing programs not captured in this data may also be contributing to the neighborhood's housing needs.