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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Ville neighborhood in St. Louis, Missouri, maintains a significant LIHTC-funded affordable housing inventory. The area contains 40 total affordable units, all designated as low-income units. These units represent approximately 6% of the neighborhood's estimated 665 housing units.
The Ville's LIHTC projects span several decades, with the earliest recorded project, "4144-46 St Louis Avenue," completed in 1988 and the most recent, "Northside Community Affordable Housing," finished in 2002. This indicates a minimum of 14 years of affordable housing development in the neighborhood.
The 1990s witnessed the most LIHTC project activity, with "Ville Properties" completed in 1997 and "Belle Glade Properties" in 1999. This decade appears to have been a period of significant affordable housing development in The Ville.
The neighborhood's LIHTC-funded housing stock primarily consists of family-sized units. The 40 total units are distributed as 4 one-bedroom units, 8 two-bedroom units, and 28 three-bedroom units. This distribution suggests a focus on accommodating families of various sizes within the affordable housing inventory.
Over the past decade, The Ville has experienced demographic shifts. The population has increased slightly, growing from 1,508 in 2017 to 1,737 in 2022. Median income has risen significantly, from $16,727 in 2017 to $25,048 in 2022, representing a 50% increase.
The racial composition of the neighborhood has remained predominantly Black, though there has been a slight decrease from 99% in 2017 to 94% in 2022, with a corresponding increase in the White population from 0% to 5%. This suggests a gradual diversification of the neighborhood.
Despite the absence of new LIHTC projects in the last decade, the rising median income and slight population growth may indicate changing housing needs in the area. However, with median incomes still relatively low, there may be ongoing demand for affordable housing options beyond what the existing LIHTC projects provide.
The Ville neighborhood in St. Louis has established a foundation of LIHTC-funded affordable housing, with projects dating back to the late 1980s. The existing inventory focuses on family-sized units, covering about 6% of the estimated housing stock. While there have been no new LIHTC projects in recent years, the neighborhood has experienced population growth and significant income increases over the past decade. The racial composition remains predominantly Black, though slight diversification is occurring. These demographic shifts may influence future affordable housing needs and strategies in The Ville.