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Affordable Housing Analysis in Zip Code 66007: LIHTC Program Impact in Basehor, Kansas
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 66007, located in Basehor, Kansas, has a population of 9,373 as of 2022 and covers an area of 32.46 square miles. The Low-Income Housing Tax Credit (LIHTC) program has funded 48 affordable housing units in this zip code, all of which are designated as low-income units. Based on the estimated housing inventory of 3,591 units, the LIHTC-funded affordable housing covers approximately 1.34% of the zip code's housing stock.
The LIHTC program has invested $667,700 in tax credits for affordable housing projects in this zip code. This translates to an average federal funding of $13,910 per unit. Notably, this zip code accounts for 0.47% of the total LIHTC funding allocated to the state of Kansas.
The sole LIHTC-funded project in this zip code is Legacy Senior Residences Basehor, completed in 2017. This project represents the entirety of affordable housing development through the LIHTC program in the area. The 48-unit development consists of 18 one-bedroom and 24 two-bedroom units, catering to diverse household sizes within the low-income population.
Over the past decade, the zip code has experienced steady population growth, increasing from 7,400 in 2013 to 9,373 in 2022. This represents a growth rate of approximately 26.7%. The median income has also seen an upward trend, rising from $97,638 in 2013 to $102,669 in 2022, indicating a generally affluent area.
The racial composition of the zip code has remained relatively stable, with a slight decrease in the white population from 93% in 2013 to 89% in 2022. There has been a minor increase in diversity, with small increases in Hispanic, Black, and multi-racial populations.
The completion of the Legacy Senior Residences Basehor in 2017 aligns with the period of population growth and increasing median income. This suggests that the LIHTC project was developed in response to the growing need for affordable senior housing in an area experiencing economic expansion.
The analysis of LIHTC-funded affordable housing in zip code 66007 reveals a modest contribution to the area's housing inventory. With 48 low-income units, the program addresses a small portion of the potential affordable housing need. The single project, completed in 2017, represents a targeted effort to provide affordable housing for seniors in a growing and relatively affluent community. While the LIHTC investment is significant, it covers only a fraction of the estimated housing stock, indicating potential room for further affordable housing development to meet the needs of the expanding population.
