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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 64119 in Kansas City, Missouri, has a population of 32,958 as of 2022 and covers an area of 14.38 square miles. The Low-Income Housing Tax Credit (LIHTC) program has funded a total of 97 affordable housing units in this zip code, with 52 of these specifically designated as low-income units. Based on the estimated housing inventory of 12,628 units, LIHTC-funded affordable housing represents approximately 0.77% of the total housing stock in this zip code.
The LIHTC projects in this zip code have received $851,000 in tax credits, averaging about $8,773 per unit. This funding represents 0.24% of the total LIHTC credits allocated in Missouri. The zip code has seen LIHTC-funded affordable housing development spanning from 1987 to 2020, indicating a long-term commitment to affordable housing in the area.
The 1980s marked the beginning of LIHTC-funded affordable housing in this zip code, with the first project, "5225-27 North Brighton Pl," completed in 1987. The most recent addition to the affordable housing inventory is "Evergreen Terrace," completed in 2020. This project is notable for its target population of individuals with disabilities, suggesting a focus on meeting the specific housing needs of this community.
The LIHTC-funded housing in this zip code offers a diverse range of unit types, including 43 efficiencies, 36 one-bedroom units, 14 two-bedroom units, 2 three-bedroom units, and 2 four-bedroom units. This distribution indicates a focus on smaller households, with a significant number of studio and one-bedroom apartments.
Over the past decade, the population in zip code 64119 has grown from 28,394 in 2017 to 32,958 in 2022, an increase of about 16%. During this period, the median income fluctuated, rising from $74,477 in 2017 to $73,378 in 2022. The racial composition of the area has also seen changes, with the white population decreasing from 82% in 2017 to 74% in 2022, while the Hispanic population increased from 6% to 10% during the same period.
The completion of the Evergreen Terrace project in 2020 coincides with these demographic shifts, potentially responding to changing housing needs in the community. The focus on housing for individuals with disabilities suggests an effort to address specific affordable housing requirements within the evolving population.
Zip code 64119 in Kansas City, Missouri, has a small but longstanding presence of LIHTC-funded affordable housing, representing less than 1% of the estimated housing stock. The area has seen LIHTC projects developed over a span of more than three decades, with the most recent project addressing the needs of individuals with disabilities. While the LIHTC-funded units make up a small portion of the overall housing inventory, they provide a range of unit types, primarily focusing on smaller households. The recent demographic trends, including population growth and changes in racial composition, may influence future affordable housing needs and development in this zip code.