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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 63026, located in Fenton, Missouri, has a LIHTC-funded affordable housing inventory of 140 units. Of these, 139 are designated as low-income units. Based on the 2022 population of 43,432 and an estimated 16,641 housing units, the LIHTC-funded affordable housing comprises approximately 0.84% of the zip code's estimated housing inventory.
The LIHTC program has invested $299,229 in tax credits for affordable housing projects in zip code 63026. This equates to an average federal funding of $2,137 per unit. Zip code 63026 accounts for 0.09% of Missouri's total LIHTC funding allocation.
The affordable housing in this zip code is represented by a single project, Hawkins Village Apartments, completed in 2007. This development has been providing affordable housing options to the community for over 15 years. It consists of 106 two-bedroom units and 34 three-bedroom units, accommodating various family sizes and needs.
Over the past decade, zip code 63026 has experienced relatively stable population trends, with slight fluctuations between 42,000 and 44,000 residents. The median income has shown a general upward trend, increasing from $82,600 in 2013 to $84,037 in 2022, with a peak of $90,898 in 2021. This overall rise in median income may suggest a reduced need for additional affordable housing projects in recent years.
Racial demographics in zip code 63026 have remained fairly consistent, with the white population comprising the majority at around 89-92% throughout the decade. 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 6% in 2022. Other racial groups, including Asian, Black, and Hispanic populations, have maintained relatively stable percentages, each representing about 1-2% of the population.
Zip code 63026 in Fenton, Missouri, has a modest LIHTC-funded affordable housing inventory, with 140 units primarily concentrated in one project completed in 2007. This represents a small percentage of the estimated housing stock, providing low-income housing options for the community. The area has seen stable population growth and increasing median incomes over the past decade, which may influence the demand for affordable housing. The racial composition has remained predominantly white, with a slight increase in multiracial residents. These demographic trends, coupled with the existing LIHTC project, contribute to the overall housing landscape of the zip code.