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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 64683, located in Trenton, Missouri, has a notable presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This area encompasses 239.94 square miles and had a population of 8,259 in 2022. The LIHTC program has funded a total of 132 units in this zip code, with 96 of these designated as low-income units. Based on the estimated housing inventory of 3,164 units, the LIHTC-funded affordable housing covers approximately 4.17% of the zip code's housing stock.
The LIHTC projects in this zip code have received $2,599,000 in tax credits, averaging about $19,689 per unit. This funding represents 0.74% of Missouri's total LIHTC allocation, indicating a significant investment in affordable housing for this area.
The zip code has seen LIHTC-funded affordable housing development spanning from 1989 to 2014, demonstrating a long-term commitment to affordable housing in the area. The earliest project, Trenton Heights Apts, was completed in 1989, while Village East represents the most recent development in 2014. The 1990s and 2000s saw the most activity, with projects like Trenton Village Apts (1999) and Plaza Building (2001) being completed.
In terms of unit distribution, the LIHTC-funded projects in this zip code offer a mix of housing options. There are 17 one-bedroom units, 82 two-bedroom units, and 24 three-bedroom units. This distribution suggests a focus on accommodating various household sizes, with a particular emphasis on two-bedroom units.
Over the past decade, the zip code's population has shown a slight decline, from 8,783 in 2014 to 8,259 in 2022. Despite this decrease, the median income has risen from $40,498 in 2014 to $51,783 in 2022, indicating an improving economic situation for residents.
The racial composition of the zip code has remained relatively stable, with a predominantly white population (92% in 2022). There has been a small increase in diversity, with slight growth in Hispanic (3% in 2022) and multiracial (2% in 2022) populations.
The most recent LIHTC project, Village East, was completed in 2014. Since then, the area has seen a continued increase in median income, which may partially explain the lack of new LIHTC developments in recent years. However, other factors and housing programs may also influence affordable housing development.
Zip code 64683 in Trenton, Missouri, has an established history of LIHTC-funded affordable housing, with projects spanning from 1989 to 2014. While these projects cover only a small percentage of the estimated housing stock, they represent a significant investment in affordable housing for the area. The zip code has seen a slight population decline and increasing median income over the past decade, which may have influenced recent affordable housing development patterns. The mix of unit types in LIHTC projects suggests an effort to accommodate diverse household sizes within the low-income population.