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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Osage Beach, a city in Missouri near the Lake of the Ozarks, has 120 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units represent approximately 4.3% of the city's estimated 2,789 housing units. The city has received $822,825 in project tax credits through the LIHTC program, distributed across three projects. This amounts to an average of $274,275 per project and $6,857 per unit in federal funding. Osage Beach holds 0.23% of Missouri's total LIHTC funding.
The city's LIHTC funded housing development began in 1995 with Lake Ozark Village and continued until 2011 with the completion of Chandler Bay Apartments. The 2000s were the most active period for affordable housing development, with two of the three projects completed during this decade. The LIHTC funded housing in Osage Beach offers a range of unit types, including 24 one-bedroom units, 64 two-bedroom units, and 32 three-bedroom units.
Osage Beach's population decreased slightly from 7,305 in 2010 to 7,279 in 2022. However, the median income increased from $43,042 in 2013 to $58,907 in 2022. The city's racial composition has remained predominantly white (89% in 2022), with small increases in Black and multiracial populations. The Hispanic population has fluctuated between 7-10% over the past decade.
No new LIHTC projects have been completed in Osage Beach since 2011. This may be related to the rising median income and relatively stable population, potentially indicating reduced demand for additional low-income housing in recent years.
Osage Beach's LIHTC funded affordable housing inventory provides an important housing resource for the community. The 120 low-income units, distributed across three projects, represent a significant investment in affordable housing over a 16-year period. The diverse unit mix caters to various household sizes. The substantial federal funding per project and unit demonstrates a commitment to quality affordable housing. While the city has not seen new LIHTC developments in recent years, the existing inventory continues to play a crucial role in Osage Beach's housing landscape, especially as the city experiences economic changes and subtle shifts in its demographic makeup.