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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 64136, located in Kansas City, Missouri, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area currently contains 349 total units in LIHTC-funded projects, with 305 of these designated as low-income units. Based on the 2022 population of 1,823 and an estimated 698 housing units, the LIHTC-funded affordable housing comprises approximately 50% of the zip code's estimated housing inventory, indicating a substantial contribution to the area's affordable housing needs.
The LIHTC projects in zip code 64136 have received $477,274 in tax credits, averaging about $1,368 per unit when divided by the total number of LIHTC-funded units. This funding represents 0.14% of Missouri's total LIHTC allocation, demonstrating a modest but significant investment in this specific area.
Affordable housing has been present in this zip code for over two decades. The first LIHTC project, Cardinal Ridge Apartments, was completed in 2000, while the most recent, The Orchards Apartments, was finished in 2007. The 2000s were the most active period for LIHTC development in this area.
The housing inventory in these LIHTC projects is diverse, consisting of 117 one-bedroom units, 210 two-bedroom units, and 22 three-bedroom units. This distribution indicates a focus on accommodating various household sizes, with a particular emphasis on smaller families or individuals.
Over the past decade, zip code 64136 has experienced demographic shifts. The population has fluctuated, reaching a peak of 2,625 in 2015 and declining to 1,823 by 2022. Median income has shown significant variability, increasing from $35,846 in 2013 to $59,882 in 2022, with notable increases in 2020 and 2021.
Racial demographics have also changed. The proportion of white residents decreased from 78% in 2013 to 50% in 2022, while the Black population increased from 21% to 36% during the same period. The Hispanic population grew from negligible levels to 6% by 2022, and Asian representation remained relatively stable at around 1-5%.
These demographic changes, particularly the overall population decrease and median income increase, may have influenced the absence of new LIHTC developments in the area since 2007. The rising median income could suggest a reduced need for additional affordable housing units in recent years.
Zip code 64136 in Kansas City, Missouri, demonstrates a substantial LIHTC-funded affordable housing presence, with these units comprising about half of the estimated housing inventory. The area received nearly half a million dollars in tax credits, contributing to the creation of 349 total units, including 305 low-income units. While no new LIHTC projects have been developed since 2007, the existing inventory provides a mix of unit sizes to accommodate diverse household needs. The demographic shifts over the past decade, including population fluctuations and increasing median income, may have influenced the recent pause in LIHTC development in this area.