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Affordable Housing Analysis in Zip Code 64015: Blue Springs, Missouri's LIHTC Funded Inventory
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 64015 in Blue Springs, Missouri, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area has 209 total units in LIHTC-funded projects, with 204 designated as low-income units. Based on the 2022 population of 31,152 and an estimated 11,936 housing units, LIHTC-funded affordable housing represents approximately 1.75% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 64015 have received $797,055 in project tax credits, averaging about $3,814 per unit. This funding represents 0.23% of Missouri's total LIHTC allocations. Affordable housing has been present in this zip code for over a decade, with the first LIHTC project, Villas At Autumn Bend, completed in 2007, and the most recent, Friendship Manor, in 2018. The 2000s saw the most affordable housing development in this area.
The housing mix in these LIHTC projects offers 6 one-bedroom units, 58 two-bedroom units, and 92 three-bedroom units. This distribution accommodates families and individuals with varying space needs.
Over the past decade, zip code 64015 has experienced slight population growth, increasing from 29,271 in 2013 to 31,152 in 2022. During this period, the median income rose from $73,372 in 2013 to $79,831 in 2022, indicating a gradual improvement in economic conditions.
The racial composition has remained relatively stable, with the white population consistently representing about 82-84% of residents. There has been a small increase in diversity, with the Hispanic population growing from 4% in 2013 to 7% in 2022, and the Asian population increasing slightly from 1% to 2% over the same period. The completion of Friendship Manor in 2018 aligns with this period of population growth and increasing diversity.
Zip code 64015 demonstrates a measured approach to affordable housing through LIHTC funding. The LIHTC-funded units provide affordable options in an area experiencing moderate population growth and increasing median incomes. The diverse unit types in these projects accommodate various household sizes and needs. The ongoing development of affordable housing projects over the years indicates a consistent commitment to maintaining affordable options in this community.
