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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 63010 in Arnold, Missouri, has a distinct Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area contains 105 total affordable units, all categorized as low-income units. Based on the 2022 population of 35,013 and an estimated 13,415 housing units, LIHTC funded affordable housing comprises approximately 0.78% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 63010 have received $11,856,500 in project tax credits, averaging about $112,919 per unit. This represents 3.38% of Missouri's total LIHTC funding allocation, indicating a substantial investment in affordable housing for this area.
Affordable housing has been present in zip code 63010 for over two decades. The first LIHTC project, Highland House Villas, was completed in 1991, while the most recent, Richardson Ridge Villas, was finished in 2014. The 2010s saw the most activity, with two projects completed during this decade: Water Crest Villas in 2012 and Richardson Ridge Villas in 2014.
The inventory consists primarily of two-bedroom units (85) and three-bedroom units (20), suggesting a focus on accommodating families or households with multiple members.
Over the past decade, the population in zip code 63010 has remained relatively stable, fluctuating between 34,746 and 35,717. The median income has shown an overall upward trend, increasing from $62,605 in 2013 to $67,555 in 2022, with some fluctuations in between.
Racially, zip code 63010 has maintained a predominantly white population, consistently above 90%. However, there has been a slight increase in diversity, with the percentage of residents identifying as two or more races growing from 1% in 2013 to 5% in 2022.
The most recent LIHTC project was completed in 2014, coinciding with a period of population growth and increasing median income. Since then, despite continued income growth, no new LIHTC projects have been developed, possibly due to the stability in population and housing needs being met through existing inventory.
Zip code 63010 in Arnold, Missouri, has a modest LIHTC funded affordable housing inventory, covering less than 1% of the estimated housing units. The area has seen consistent investment in affordable housing over two decades, with a focus on family-sized units. While the population has remained stable and median income has increased, the racial composition has shown a slight shift towards more diversity. The lack of recent LIHTC developments may reflect a current balance between affordable housing supply and demand in this zip code.