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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Fairground Neighborhood in St. Louis, Missouri, maintains a small but notable LIHTC-funded affordable housing inventory. Current data indicates 11 total units in LIHTC-funded projects, all designated as low-income units. Based on the 2022 population of 589 and the national average household size of 2.61, the estimated housing units in the neighborhood total approximately 226. LIHTC-funded affordable housing comprises about 4.9% of the estimated housing inventory in the neighborhood.
The neighborhood contains four LIHTC-funded projects, with completion years ranging from 1987 to 1990. This indicates that affordable housing has been a feature of the Fairground Neighborhood for over three decades. The 1980s witnessed the most significant affordable housing development, with three of the four projects completed during this period. Key projects include "4223 College Ave" and "4240 John Ave," both completed in 1987, marking the inception of LIHTC-funded housing in the area.
The unit type distribution reveals a focus on family-sized housing, with 6 two-bedroom units and 5 three-bedroom units. This suggests a prioritization of accommodating families within the affordable housing stock.
Over the past decade, the Fairground Neighborhood has experienced a substantial population decline, decreasing from 1,202 residents in 2013 to 589 in 2022. Despite this reduction, the median income has shown some fluctuation but overall growth, increasing from $23,949 in 2013 to $25,468 in 2022.
The racial composition of the neighborhood has remained predominantly African American, with a slight decrease from 96% in 2013 to 91% in 2022. There has been a minor increase in diversity, with the white population growing from 4% to 5% and the introduction of a 3% Hispanic population by 2022.
The absence of new LIHTC projects in the last decade may be attributed to the declining population, potentially reducing the perceived need for additional affordable housing units. However, the persistently low median income suggests that affordable housing remains a relevant concern for the community.
The Fairground Neighborhood's LIHTC-funded affordable housing stock, though small, represents a long-standing commitment to providing low-income housing options. The existing units, primarily two and three-bedroom apartments, cater to families. Despite population decline, the neighborhood's median income remains low, indicating an ongoing need for affordable housing solutions. The stable racial composition, with a slight trend towards increased diversity, suggests that these housing units continue to serve a predominantly African American community.