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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 63111 in St. Louis, Missouri, contains a notable quantity of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area encompasses 233 total units in LIHTC-funded projects, with 186 of these designated as low-income units. Based on the 2022 population of 19,622 and an estimated 7,518 housing units, the LIHTC-funded affordable housing represents approximately 3.1% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 63111 have received $1,387,000 in project tax credits, averaging about $5,952 per unit. This funding represents 0.4% of Missouri's total LIHTC allocations, indicating a modest but significant investment in affordable housing for this specific area.
Affordable housing has been present in zip code 63111 for over two decades. The earliest LIHTC projects, CCBF--Virginia Assoc and Virginia Manor Apartments, were both completed in 1995. The most recent addition, River Bluff Manor, was completed in 2019. The 1990s saw the highest number of affordable housing project completions, with three projects finalized during this period.
The LIHTC-funded housing in zip code 63111 offers a range of unit types. There is 1 efficiency unit, 104 one-bedroom units, 103 two-bedroom units, and 7 three-bedroom units. This distribution suggests a focus on accommodating small families and individuals.
Two recent projects, Intrada St. Louis (2018) and River Bluff Manor (2019), are designed to serve handicapped populations, indicating a commitment to addressing the needs of residents with disabilities.
Over the past decade, zip code 63111 has experienced demographic shifts. The population has remained relatively stable, fluctuating between about 20,000 and 22,000 residents. The median income has increased from $29,226 in 2013 to $37,023 in 2022, suggesting an overall improvement in economic conditions.
Racial demographics in zip code 63111 have also shifted. The Black population percentage increased from 32% in 2013 to 41% in 2022, while the White population decreased from 52% to 42% during the same period. The Hispanic population grew from 6% to 9%. These changes indicate a gradual diversification of the area.
The completion of two LIHTC projects in 2018 and 2019 aligns with the period of increasing median income and demographic shifts, suggesting a continued need for affordable housing despite economic improvements.
Zip code 63111 in St. Louis has a modest but significant LIHTC-funded affordable housing presence, covering about 3.1% of the estimated housing inventory. The area has seen consistent investment in affordable housing over more than two decades, with recent projects focusing on serving handicapped populations. While the median income has increased and racial demographics have shifted, the continued development of LIHTC projects indicates an ongoing demand for affordable housing in this evolving community.