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LIHTC Affordable Housing in Gravois Park: A Demographic and Historical Perspective
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Gravois Park, a neighborhood in St. Louis, Missouri, has a population of 5,664 as of 2022. The neighborhood contains two Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects, which provide a total of 20 units, with 2 designated as low-income units. Based on the estimated housing inventory of 2,170 units, LIHTC funded affordable housing comprises approximately 0.92% of the neighborhood's housing stock.
The Chippewa Affordable Apts, completed in 1995, is the earliest known LIHTC project in Gravois Park. This project offers 20 units, including 16 one-bedroom and 4 two-bedroom apartments. The presence of LIHTC funded affordable housing in the neighborhood spans at least 27 years, indicating a long-term commitment to providing affordable housing options.
The 1990s saw the most LIHTC affordable housing development in Gravois Park, with the completion of the Chippewa Affordable Apts project. This suggests that affordable housing initiatives were particularly active during this decade.
Over the past decade, Gravois Park has experienced demographic shifts. The population has remained relatively stable, with a slight increase from 5,649 in 2013 to 5,664 in 2022. The median income has seen a significant increase, rising from $23,201 in 2013 to $38,538 in 2022, representing a 66% increase.
Racial demographics have also changed. The Black population decreased from 66% in 2013 to 59% in 2022, while the Hispanic population increased from 4% to 8% during the same period. The White population remained relatively stable, moving from 24% to 25%.
Despite these demographic changes, there has not been a notable increase in LIHTC funded affordable housing projects in the last decade. This could be due to the significant increase in median income, which might have reduced the perceived need for additional low-income housing in the area.
Gravois Park's LIHTC funded affordable housing inventory consists of two projects, providing 20 units, with 2 designated as low-income units. These projects cover less than 1% of the estimated housing stock in the neighborhood. The earliest known LIHTC project dates back to 1995, indicating a long-standing presence of affordable housing initiatives.
Over the past decade, the neighborhood has experienced a substantial increase in median income and slight shifts in racial demographics. Despite these changes, there has not been significant growth in LIHTC funded affordable housing projects in recent years. This analysis provides a view of the LIHTC funded affordable housing landscape in Gravois Park, reflecting the relationship between housing initiatives and demographic trends.
