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Affordable Housing in Zip Code 63130: A Three-Decade LIHTC Implementation Analysis
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 63130 in University City, Missouri, has a substantial inventory of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area contains 436 total units in LIHTC-funded projects, with 389 of these designated as low-income units. Based on the 2022 population of 30,145 and an estimated 11,550 housing units, the LIHTC-funded affordable housing represents approximately 3.8% of the zip code's estimated housing inventory.
The zip code has utilized LIHTC funding for over three decades, with the earliest project completed in 1988 and the most recent in 2004. This 16-year span demonstrates a long-term commitment to affordable housing in the area. The 1990s saw the most activity, with five projects completed during this decade, including developments like Parkview Gardens Rehabilitation I and II.
The inventory includes a diverse mix of unit types, catering to various household sizes. There are 39 efficiencies, 145 one-bedroom units, 88 two-bedroom units, 76 three-bedroom units, and 16 four-bedroom units. This distribution suggests a focus on accommodating both individuals and families of different sizes.
Over the past decade, zip code 63130 has experienced relatively stable population levels, with a slight decrease from 31,218 in 2013 to 30,145 in 2022. The median income has shown an upward trend, rising from $95,639 in 2013 to $100,406 in 2022. This increase in median income might partially explain the lack of new LIHTC projects since 2004, as the area's overall economic profile may have shifted.
The racial composition of zip code 63130 has remained relatively stable, with some notable changes. The white population has increased slightly from 51% in 2013 to 55% in 2022, while the Black population has decreased from 38% to 30% during the same period. The Asian population has grown from 4% to 8%, indicating increasing diversity in the area.
Zip code 63130 has an established foundation of LIHTC-funded affordable housing, representing about 3.8% of the estimated housing inventory. While this falls short of the ideal 15-20% affordable housing target, it provides a significant number of units for low-income residents. The area saw consistent development of affordable housing from 1988 to 2004, with a diverse mix of unit types to accommodate various household sizes. Despite rising median incomes and shifting demographics over the past decade, these LIHTC projects continue to play a crucial role in maintaining housing affordability in the zip code.
