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Affordable Housing in Sullivan, Missouri: LIHTC Program's Long-Term Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Sullivan, Missouri, has utilized the Low-Income Housing Tax Credit (LIHTC) program to address affordable housing needs. The city's LIHTC-funded inventory comprises 123 affordable units, all designated as low-income. This represents approximately 4.1% of Sullivan's estimated 3,014 housing units.
Sullivan has benefited from six LIHTC projects since 1989. The initial project, Sullivan Garden Apartments, was completed in 1989, while the most recent, Sullivan Family Apartments, was finished in 2000. This indicates a three-decade presence of LIHTC-funded affordable housing in the city.
The 1990s marked the most significant period of affordable housing development in Sullivan, with four projects completed during this decade: Jones Street Apartments (1990), J & P Apartments (1992), Forrest View III Apartments (1993), and Center Street Apartments (1995). The 123 total units are distributed as 44 one-bedroom, 44 two-bedroom, and 17 three-bedroom units, accommodating various household sizes within the low-income population.
Sullivan's population has fluctuated over the past decade, decreasing from 8,416 in 2019 to 7,867 in 2022. Despite this decline, the median income has increased substantially from $44,748 in 2019 to $55,007 in 2022.
The racial composition of Sullivan has remained predominantly white, though there has been a slight decrease from 94% in 2019 to 90% in 2022. During this period, there has been a minor increase in diversity, with the percentage of residents identifying as two or more races rising from 1% to 6%, and the Black population increasing to 2% by 2022.
No new LIHTC projects have been completed in Sullivan since 2000. The increasing median income and relatively stable population may suggest that the demand for additional low-income housing has not been as pressing in recent years.
Sullivan's LIHTC-funded affordable housing inventory consists of 123 units across 6 projects, representing approximately 4.1% of the estimated housing stock. The development of these projects spans from 1989 to 2000, with the 1990s being the most active period for affordable housing construction. While the city has experienced some population decline in recent years, the median income has increased significantly. The racial composition remains predominantly white, though there has been a slight increase in diversity. These demographic shifts may have influenced the lack of new LIHTC projects in the past two decades, as the city's housing needs may have evolved.
