Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 64158 in Kansas City, Missouri, contains a specific Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area encompasses 48 affordable housing units, all classified as low-income units. Zip code 64158 spans approximately 2.1 square miles and had a population of 5,950 in 2022. Based on the national average household size, the estimated housing inventory for this zip code is approximately 2,280 units. The LIHTC funded affordable housing represents about 2.1% of the estimated housing stock in this zip code.
The LIHTC program has invested $265,152 in tax credits for affordable housing projects in zip code 64158. This equates to an average federal funding of $5,524 per unit. This zip code accounts for 0.08% of the total LIHTC funding allocated to the state of Missouri.
The sole LIHTC funded project in zip code 64158 is Clay Terrace Apartments, Phase II, completed in 2017. This project has provided affordable housing options in the area for approximately six years. The Clay Terrace Apartments, Phase II development consists of 48 units, including 12 one-bedroom, 24 two-bedroom, and 12 three-bedroom apartments. This unit mix accommodates various household compositions within the community.
The Clay Terrace Apartments, Phase II project specifically targets the handicapped population. This focus on accessibility and accommodations for individuals with disabilities addresses a specific need within the community, providing specialized housing options for a vulnerable demographic.
Zip code 64158 has experienced significant demographic changes over the past decade. The population increased from 4,122 in 2017 to 5,950 in 2022, representing a 44% growth. This rapid increase may indicate a rising demand for housing, including affordable options.
Median income in the area has fluctuated, increasing from $92,175 in 2017 to $114,643 in 2022. This upward trend in income levels may impact the need for affordable housing in the area.
Racial demographics have also evolved in zip code 64158. The white population decreased from 79% in 2017 to 68% in 2022, while the Hispanic population increased from 6% to 17% during the same period. The Asian population experienced a slight increase from 5% to 6%, and the Black population remained relatively stable at approximately 5-7%. These changes in racial composition may influence the diverse housing needs of the community.
The LIHTC program has made a modest but targeted contribution to affordable housing in zip code 64158. With 48 units dedicated to low-income residents and specifically accommodating handicapped individuals, the program addresses specific housing needs in the community. Although the LIHTC funded units represent a small percentage of the estimated housing stock, they play a crucial role in providing accessible, affordable housing options. The area's changing demographics, including population growth and shifts in racial composition, underscore the ongoing importance of diverse and affordable housing solutions in this Kansas City zip code.