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Affordable Housing in Zip Code 63132: Two Decades of LIHTC Presence
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 63132 in Missouri covers an area of 5.4 square miles and had a population of 14,245 in 2022. This zip code contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing, with 204 total affordable units, all designated as low-income units. Based on the estimated housing inventory of 5,458 units, LIHTC funded affordable housing comprises approximately 3.74% of the zip code's housing stock.
The LIHTC program has funded three projects in this zip code, contributing to its affordable housing inventory. The earliest recorded project, Elmwood Park Redevelopment, was completed in 1997, while Century Gardens Apartments followed in 2000. This indicates that affordable housing has been present in this community for over two decades.
The 2000s saw the most affordable housing activity, with Century Gardens Apartments adding 76 units to the inventory. Elmwood Park Redevelopment, the largest project, provided 128 units, including a mix of two-bedroom (64), three-bedroom (59), and four-bedroom (5) apartments. Century Gardens Apartments contributed an additional 76 two-bedroom units. This unit mix suggests an effort to accommodate various family sizes within the affordable housing stock.
Over the past decade, the zip code's population has remained relatively stable, fluctuating between 12,867 and 14,602. The median income has shown a general upward trend, rising from $79,782 in 2013 to $82,096 in 2022. This increase in median income may indicate a growing need for affordable housing options to maintain socioeconomic diversity in the area.
Racial demographics have also changed. The Black population has remained relatively stable at around 30-34% of the total population. There has been an increase in the Asian population, growing from 8% in 2013 to 14% in 2022. The White population has slightly decreased from 50% to 48% during this period. These demographic shifts may influence future affordable housing needs and considerations.
Zip code 63132 has a modest LIHTC funded affordable housing presence, covering about 3.74% of its estimated housing stock. The area has benefited from LIHTC projects for over two decades, with a focus on larger units suitable for families. While the population has remained relatively stable, increasing median incomes and changing racial demographics may impact future affordable housing needs in this community.
