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Affordable Housing in Trenton, Missouri: A Longitudinal Analysis of LIHTC Projects
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Trenton, Missouri, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The city's LIHTC inventory comprises 132 total units, with 96 designated as low-income units. Based on the 2022 population of 6,004 and using the national average household size, Trenton is estimated to have approximately 2,300 housing units. LIHTC funded affordable housing units represent about 5.7% of the estimated total housing inventory in Trenton.
Trenton has received $2,599,000 in project tax credits through the LIHTC program. With approximately 7 projects, this translates to an average of about $371,286 in federal funding per project. The average federal funding per unit is approximately $19,689. Trenton holds 0.74% of Missouri's total LIHTC funding, indicating a modest but significant portion of the state's affordable housing resources.
The city's involvement with LIHTC projects spans several decades. The earliest recorded project, Trenton Heights Apartments, was completed in 1989. The most recent project with a known completion date is Village East, finished in 2014. This 25-year span demonstrates a sustained commitment to affordable housing in Trenton. The 1990s and 2000s saw active development of affordable housing, with projects like Trenton Village Apartments (1999) and Plaza Building (2001) being completed.
The LIHTC funded units in Trenton include a mix of unit sizes, with 17 one-bedroom, 82 two-bedroom, and 24 three-bedroom units. This distribution suggests a focus on accommodating small to medium-sized families.
Over the past decade, Trenton's population has shown a gradual decline, decreasing from 6,497 in 2015 to 6,004 in 2022. Despite this population decrease, the median income has risen significantly, from $38,911 in 2015 to $50,873 in 2022. This increase in median income might indicate changing economic conditions in the city.
The racial composition of Trenton has remained relatively stable, with a slight decrease in the white population from 94% in 2015 to 91% in 2022. There has been a small increase in diversity, with slight growth in Hispanic, Asian, and multi-racial populations.
Trenton's LIHTC funded affordable housing represents a small but important part of its housing inventory. The city has maintained a consistent approach to affordable housing development over several decades, with projects spanning from 1989 to 2014. While the population has slightly decreased, rising median incomes and subtle shifts in racial demographics suggest evolving socio-economic conditions. The mix of unit sizes in LIHTC projects indicates an effort to meet diverse housing needs within the community.
