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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 63113 in St. Louis, Missouri, contains a significant inventory of affordable housing funded by the Low-Income Housing Tax Credit (LIHTC) program. This area encompasses 515 total units in LIHTC-funded projects, with 424 designated as low-income units. Based on an estimated 4,222 housing units in the zip code, LIHTC-funded affordable housing comprises approximately 12.2% of the zip code's housing inventory, indicating a substantial contribution to the area's affordable housing stock.
The LIHTC projects in zip code 63113 have received $3,813,083 in project tax credits, averaging about $7,404 in federal funding per unit. This zip code accounts for 1.09% of Missouri's total LIHTC funding, suggesting a significant concentration of affordable housing investment in this area.
Affordable housing development in zip code 63113 spans over three decades. The earliest LIHTC project dates back to 1988, with "4449-51 West Belle" among the first developments. The most recent completed project is "Finney Place" in 2020. The 1980s and 1990s saw the highest number of affordable housing project completions, with developments such as "Project Re-Do II" and "North Market Apts" being notable examples from this period.
The LIHTC-funded housing in zip code 63113 offers a diverse range of unit types. The available data indicates 75 one-bedroom units, 139 two-bedroom units, 145 three-bedroom units, and 38 four-bedroom units. This distribution suggests a focus on accommodating families of various sizes.
Several recent projects in zip code 63113, including "Vandeventer Place," "North Sarah Phase III," "St. Ferdinand Homes II," and "Finney Place," are specifically designed to serve individuals with disabilities. These developments likely incorporate features to enhance accessibility and support the unique needs of this population.
Over the past decade, zip code 63113 has experienced a slight decline in population, from 12,178 in 2013 to 11,020 in 2022. However, there has been a significant increase in median income, rising from $20,758 in 2013 to $35,634 in 2022. This income growth may indicate improving economic conditions for residents.
The racial composition of zip code 63113 has remained predominantly Black, with a slight decrease from 96% in 2013 to 92% in 2022. There has been a small increase in white residents, from 2% to 5% over the same period. The continued development of LIHTC projects, even with these demographic shifts, suggests an ongoing need for affordable housing in the area.
Zip code 63113 in St. Louis has a substantial LIHTC-funded affordable housing presence, covering about 12.2% of its estimated housing inventory. With over 30 years of affordable housing development and a diverse range of unit types, the area has consistently invested in meeting the needs of low-income residents. Recent projects have focused on serving individuals with disabilities, demonstrating an evolving approach to affordable housing. Despite population decline, rising median incomes and continued LIHTC investments indicate an ongoing commitment to maintaining affordable housing options in this predominantly Black community.