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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 63033 in Florissant, Missouri, encompasses an area of 12.11 square miles with a population of 39,088 as of 2022. The Low-Income Housing Tax Credit (LIHTC) program has funded 36 affordable housing units in this zip code. These units, all designated as low-income, represent approximately 0.24% of the estimated 14,976 housing units in the zip code.
The LIHTC projects in zip code 63033 have received $463,500 in tax credits, averaging $12,875 per unit. This funding constitutes 0.13% of the total LIHTC allocation for Missouri. Two LIHTC-funded projects exist in this zip code: Dunn Road Manor LIHTC and Stonebridge Townhomes.
Dunn Road Manor LIHTC, completed in 2017, is the most recent project and contains all 36 low-income units. It offers an equal distribution of one-bedroom and two-bedroom units, with 18 units of each type. This unit distribution indicates a focus on accommodating smaller household sizes in recent affordable housing development within the zip code.
The population in zip code 63033 has remained relatively stable over the past decade, fluctuating between 39,000 and 41,000 residents. The median income has shown some variability but generally increased from $60,924 in 2013 to $62,179 in 2022, indicating a slight improvement in economic conditions.
The racial composition of zip code 63033 has shifted notably. The Black population increased from 58% in 2013 to 68% in 2022, while the White population decreased from 37% to 26% during the same period. This demographic shift may have influenced the need for affordable housing in the area.
The completion of the Dunn Road Manor LIHTC project in 2017 coincides with a period of relative stability in the population and a slight increase in median income. This suggests that the project may have been developed in response to an identified need for affordable housing options in a changing demographic landscape.
Zip code 63033 in Florissant, Missouri, has a modest LIHTC-funded affordable housing inventory, representing a small fraction of its estimated housing stock. The area has seen one significant LIHTC project completed in recent years, focusing on one-bedroom and two-bedroom units. While the population has remained relatively stable, there have been notable shifts in racial demographics and slight increases in median income. The LIHTC program's investment in this zip code, while not extensive, appears to be responding to evolving community needs in a changing demographic environment.