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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Moscow Mills, Missouri, has a total of 16 LIHTC-funded affordable housing units, all designated as low-income units. This represents approximately 0.54% of the estimated 2,973 housing units in the city, based on the 2022 population and national average household size.
The LIHTC program has provided $1,095,000 in project tax credits for affordable housing in Moscow Mills. With two projects in the city, this translates to an average of $547,500 per project and $68,437.50 per unit. Moscow Mills holds 0.31% of the total state funding for LIHTC projects in Missouri.
The city's affordable housing development spans over two decades, with the first project, Parkview Estates Of Moscow Mills, completed in 1996, and the most recent, Chestnut Ridge, finished in 2018. The 2010s saw the most recent development in affordable housing for the city.
The affordable housing inventory in Moscow Mills consists of 12 one-bedroom units and 4 three-bedroom units. Chestnut Ridge, completed in 2018, is designed to serve the handicapped population, addressing specific needs within the community.
Over the past decade, Moscow Mills has experienced significant population growth, increasing from 4,762 in 2010 to 7,759 in 2022, representing a 63% increase. The median income has risen from $63,279 in 2013 to $76,504 in 2022, indicating overall economic growth in the city.
The racial composition of Moscow Mills has remained relatively stable, with the white population consistently comprising over 90% of residents. There has been a slight increase in diversity, with the Hispanic population growing from 1% in 2013 to 4% in 2022.
The completion of the Chestnut Ridge project in 2018 aligns with the city's population growth and increasing median income, suggesting a responsive approach to the changing demographics and potential increase in demand for affordable housing, particularly for residents with disabilities.
Moscow Mills has a small but targeted LIHTC-funded affordable housing inventory, with 16 units across two projects spanning over two decades. The most recent development, Chestnut Ridge, addresses the needs of handicapped residents, demonstrating an effort to serve specific populations. The city's rapid population growth and increasing median income over the past decade suggest a dynamic environment that may influence future affordable housing needs and developments.