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Affordable Housing in O'Fallon: LIHTC Impact on a Predominantly Black Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The O'Fallon neighborhood in St. Louis, Missouri, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 57 total units in LIHTC-funded projects, with 48 designated as low-income units. Based on the 2022 population of 4,464 and using the national average household size, an estimated 1,710 housing units exist in the neighborhood. LIHTC-funded affordable housing comprises approximately 3.3% of the estimated housing inventory in O'Fallon.
O'Fallon has experienced LIHTC-funded affordable housing development over several decades. The earliest project, "4318-20 West Florissant," was completed in 1988, while the most recent dated project, "North Newstead II," was completed in 2001. This indicates at least 13 years of affordable housing presence in the neighborhood. The 1990s saw the most activity, with two projects completed during this decade: "O'Fallon Properties II" in 1991 and "O'Fallon III" in 1999.
The LIHTC-funded projects in O'Fallon provide a mix of unit sizes, with a focus on family-sized accommodations. The inventory includes 41 three-bedroom units and 6 four-bedroom units, suggesting a priority for housing larger families. Additionally, there is 1 two-bedroom unit, though data on efficiencies and one-bedroom units is not available.
Over the past decade, O'Fallon has experienced demographic shifts. The population decreased from 5,133 in 2014 to 4,464 in 2022, a decline of about 13%. Despite this population decrease, the median income has shown an overall upward trend, rising from $22,881 in 2014 to $27,602 in 2022, an increase of approximately 20.6%.
The racial composition of O'Fallon has remained predominantly Black, with a slight decrease from 99% in 2014 to 94% in 2022. There has been a small increase in diversity, with the White population growing from 0% to 3% and those identifying as two or more races increasing from 0% to 2% during this period.
No new LIHTC projects have been recorded in the neighborhood since 2001. This could be due to various factors, including changes in funding priorities, shifts in housing needs, or the focus on maintaining existing affordable housing stock rather than creating new units.
The O'Fallon neighborhood in St. Louis has an established foundation of LIHTC-funded affordable housing, with projects dating back to the late 1980s. The existing inventory focuses on larger units, potentially catering to families. While the neighborhood has experienced a population decline over the past decade, there has been a notable increase in median income. The racial composition remains predominantly Black, with slight increases in diversity. The absence of new LIHTC projects in recent years suggests a potential shift in affordable housing strategies or needs in the area.
