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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Poplar Bluff, a city in southeastern Missouri, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 220 units, all of which are designated as low-income units. Based on the 2022 population of 27,275 and an estimated 10,450 housing units, the LIHTC funded affordable housing comprises approximately 2.1% of the city's estimated housing inventory.
Poplar Bluff has received $1,975,788 in project tax credits for affordable housing through the LIHTC program. With approximately 10 projects, this equates to an average of $197,579 in federal funding per project. The average federal funding per unit is $8,981, considering the total of 220 units in LIHTC funded projects.
Poplar Bluff holds 0.56% of the total state LIHTC funding, indicating a significant contribution to Missouri's affordable housing efforts. The city's LIHTC projects span nearly three decades, with the first project, "1037 Nooney St," completed in 1989, and the most recent, "Poplar Bluff Villas," finished in 2018.
The 1990s saw the most affordable housing project completions, with five projects built during this decade. The housing inventory includes a mix of unit types, with 51 one-bedroom and 151 two-bedroom units, catering to various household sizes. One notable project, "Poplar Bluff Villas," completed in 2018, specifically targets the handicapped population, addressing the unique housing needs of this demographic.
Over the past decade, Poplar Bluff's population has shown slight fluctuations, with a modest increase from 25,898 in 2014 to 27,275 in 2022. The median income has risen from $34,872 in 2014 to $39,110 in 2022, indicating a gradual improvement in economic conditions. The racial composition of Poplar Bluff has remained relatively stable, with a slight decrease in the white population from 86% in 2014 to 83% in 2022, and small increases in other racial groups. The black population has held steady at around 7% since 2016.
Despite these demographic shifts, there has been limited LIHTC activity in recent years, with only two projects completed since 2010. This could suggest that other affordable housing initiatives may be addressing the city's needs or that the existing LIHTC inventory is currently sufficient.
Poplar Bluff's LIHTC funded affordable housing inventory represents a small but significant portion of the city's housing stock. The city has leveraged nearly $2 million in tax credits to develop 220 low-income units across approximately 10 projects. While LIHTC development has slowed in recent years, the existing inventory continues to provide essential housing options for low-income residents. The city's demographic trends, including modest population growth and increasing median income, may influence future affordable housing needs and development strategies.