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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 64105 in Kansas City, Missouri, contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area has 514 total units in LIHTC funded projects, with 513 of these designated as low-income units. Based on the 2022 population of 4,246 and the estimated housing inventory of 1,627 units, the LIHTC funded affordable housing covers approximately 31.6% of the zip code's housing inventory, indicating a substantial presence of affordable housing in this area.
The LIHTC projects in this zip code have received $1,131,306 in project tax credits, averaging about $2,201 in federal funding per unit. This zip code holds 0.32% of the total state LIHTC funding, suggesting a concentrated investment in affordable housing in this particular area.
Affordable housing has been a long-standing feature of this zip code, with projects spanning from 1988 to 2007. The first LIHTC project, Pennbrooke Apts, was completed in 1988, while the most recent, Graphic Art Lofts, was finished in 2007. The early 2000s saw the most affordable housing activity, with projects like Chase Apts, Jewell Apts, Hanover Lofts, and Finance Building Lofts being completed between 2001 and 2004.
The LIHTC funded housing in this zip code primarily consists of smaller units. Out of the 514 total units, there are 14 efficiencies, 299 one-bedroom units, 81 two-bedroom units, and 2 three-bedroom units. This distribution suggests a focus on housing for individuals or small families.
Over the past decade, the population in this zip code has increased from 3,255 in 2013 to 4,246 in 2022, a growth of about 30%. During this same period, the median income has risen from $47,183 in 2013 to $64,926 in 2022, an increase of approximately 37.6%.
Racial demographics have shown shifts. The white population has increased from 73% in 2013 to 76% in 2022. The Black population has decreased from 15% to 8%, while the Asian population has increased from 1% to 5%. The Hispanic population has remained relatively stable, moving from 5% to 6%.
No new LIHTC projects have been recorded in this zip code since 2007. This could potentially be related to the rising median income and changing demographics, which might have altered the perceived need for additional affordable housing in recent years.
Zip code 64105 in Kansas City, Missouri, has a substantial LIHTC funded affordable housing inventory, covering nearly a third of its estimated housing stock. The area has seen significant investment in affordable housing over the years, with projects dating back to 1988. The housing stock is primarily composed of smaller units, suggesting a focus on individual and small family housing needs. The area has experienced population growth and rising median incomes over the past decade. This historical investment in affordable housing, coupled with changing demographics, presents a picture of the area's housing landscape and potential future needs.