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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 63664 in Missouri covers an area of 260.79 square miles and had a population of 7,869 in 2022. This zip code contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing, with 96 total affordable units, all designated as low-income units. Based on the estimated housing inventory of 3,015 units, LIHTC funded affordable housing comprises approximately 3.18% of the zip code's housing stock.
The LIHTC program has funded 5 affordable housing projects in zip code 63664. The initial project, located at 501 Cheryl St, was completed in 1988, while the most recent project, Compton Heights, was finished in 1997. This indicates that affordable housing has been present in the zip code for at least 35 years.
The 1990s witnessed the majority of affordable housing development activity, with four out of the five projects completed during this decade. These projects include Forrest View Apts X (1991), Forrest View Apts Ix (1994), Compton Elderly Apts (1996), and Compton Heights (1997). The inventory of LIHTC funded units in this zip code consists of 40 one-bedroom units and 20 two-bedroom units. This distribution suggests a focus on smaller households and potentially older adults or young professionals.
Over the past decade, the population in zip code 63664 has shown some fluctuation but overall growth, increasing from 7,514 in 2013 to 7,869 in 2022. The median income has also risen, from $34,436 in 2013 to $43,077 in 2022, representing a 25% increase.
The racial composition of zip code 63664 has remained relatively stable, with the white population consistently comprising over 90% of residents. 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 5% in 2022.
Despite the growth in population and median income, no new LIHTC projects have been completed in zip code 63664 in the last decade. This could be attributed to various factors, including changes in local housing policies, shifts in funding priorities, or potentially a reduced need for additional affordable housing units in the area.
Zip code 63664 has a modest LIHTC funded affordable housing inventory, covering about 3.18% of the estimated housing stock. The area experienced significant affordable housing development in the 1990s, with five projects completed between 1988 and 1997. The housing units are primarily one and two-bedroom apartments, suggesting a focus on smaller households. While the population and median income have grown over the past decade, there has been no new LIHTC funded development in recent years. This analysis provides insights into the affordable housing landscape of zip code 63664, highlighting the historical development patterns and current inventory in relation to the area's demographics.