Abstract
As part of a larger study which analyzes the political economy of the Low-Income Housing Tax Credit (LIHTC) in the St. Louis Metropolitan Area, a series of semi-structured interviews were conducted between the 23rd of June 2020 and the 13th of August 2020 with four stakeholders of affordable housing development via the Low-Income Housing Tax Credit (LIHTC) in St. Louis, Missouri. Resultantly, their perspectives indicate that the inability for low-income housing to enter suburban “areas of opportunity” has less to do with ‘NIMBY’ neighbor opposition, but rather, is the result of secondary funding restrictions. In this paper, the stakeholder interviews are discussed within the context of a political economy framework in the form of five lenses (developed by Byiers, Vanheukelom & Kingombe, 2015) in order to expound how a projects ‘capital stack’, or total capital invested in a project, influences the geographic clustering of projects in St. Louis. Specifically, this paper addresses how the prolific use of revitalization grants along with the LIHTC has directly impacted the geographic distribution of low-income housing projects in St. Louis and subsequent consequences of revitalization projects on housing opportunities.
Details
Presentation Type
Paper Presentation in a Themed Session
Theme
KEYWORDS
Urban Planning, Interviews, Geography, Low Income Housing, Public Policy, HUD
