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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Florissant, Missouri, has a population of 59,912 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 71 total units, all designated as low-income units. This represents approximately 0.31% of the city's estimated housing inventory of 22,955 units.
Florissant has two LIHTC funded projects: Charbonier Manor Apartments and Stonebridge Townhomes. Charbonier Manor Apartments, completed in 2002, accounts for all 71 units in the city's LIHTC inventory. These units are exclusively two-bedroom apartments, providing housing options for small families or individuals requiring more space.
The presence of LIHTC funded affordable housing in Florissant spans at least two decades, with Charbonier Manor Apartments being a notable project in the early 2000s. The 2000s appear to be the decade with the most LIHTC activity in the city, though conclusions about overall trends in affordable housing development are limited by available data.
Over the past decade, Florissant's population has remained relatively stable, fluctuating between 58,000 and 60,000 residents. The median income has shown a general upward trend, increasing from $59,828 in 2013 to $63,722 in 2022. This rise in median income might suggest a decreasing need for affordable housing, but income inequality and specific demographic needs can persist despite overall income growth.
The racial composition of Florissant has undergone significant changes in the past decade. The Black population has increased from 31% in 2013 to 44% in 2022, while the White population has decreased from 63% to 47% during the same period. This shift in racial demographics could potentially influence the demand for affordable housing, as minority populations often face higher rates of housing cost burden.
Despite these demographic changes, there does not appear to have been significant LIHTC activity in Florissant in recent years. This could be due to various factors, including changes in local housing policies, shifting priorities in affordable housing development, or the availability of other affordable housing programs not captured in this data.
Florissant's LIHTC funded affordable housing inventory, while modest in size, provides 71 low-income units to the community. The city's demographic landscape has evolved over the past decade, with increases in median income and a shift in racial composition. While these changes might influence the demand for affordable housing, the lack of recent LIHTC activity suggests that other factors may be at play in shaping the city's approach to affordable housing. A more comprehensive analysis of Florissant's overall affordable housing strategy, including non-LIHTC programs, would be necessary to fully understand how the city is addressing its affordable housing needs.