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Affordable Housing in Old North St. Louis: A Three-Decade LIHTC Presence
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Old North St. Louis, a neighborhood in St. Louis, Missouri, has a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The neighborhood has 8 total affordable units, all designated as low-income units. Based on the 2022 population of 1,304 and an estimated 499.62 housing units, the LIHTC funded affordable housing covers approximately 1.6% of the neighborhood's estimated housing inventory.
The LIHTC program has supported affordable housing in Old North St. Louis since 1989, with the completion of the "3259-61 North 20Th" project. The most recent project, "Herbert Place," was completed in 1995. This indicates that LIHTC funded affordable housing has been present in the neighborhood for over three decades.
The 1990s saw the most LIHTC affordable housing activity in Old North St. Louis. The inventory includes a variety of unit types, with 3 one-bedroom units, 2 two-bedroom units, 1 three-bedroom unit, and 2 four-bedroom units. This diverse mix of unit sizes suggests an effort to accommodate different household compositions within the affordable housing stock.
Over the past decade, Old North St. Louis has experienced demographic shifts. The population has decreased from 1,691 in 2013 to 1,304 in 2022, a decline of about 22.9%. Despite this population decrease, the median income has shown an overall upward trend, rising from $17,393 in 2013 to $25,903 in 2022, an increase of approximately 49%.
The racial composition of the neighborhood has remained predominantly Black, with the percentage increasing slightly from 68% in 2013 to 80% in 2022. The White population has decreased from 29% to 18% during the same period.
No new LIHTC projects have been completed in Old North St. Louis since 1995. The demographic trends, particularly the declining population and increasing median income, might suggest changing housing needs in the neighborhood. However, other affordable housing programs may be addressing low-income housing needs beyond the LIHTC inventory.
Old North St. Louis has a small LIHTC funded affordable housing inventory, covering about 1.6% of the estimated housing units. The existing LIHTC projects were completed between 1989 and 1995, providing a mix of unit sizes to accommodate various household needs. The neighborhood has experienced population decline and increased median income over the past decade, while the racial composition has remained predominantly Black. These demographic shifts may influence future affordable housing needs and development in the area.
