Loading Content...
Affordable Housing Analysis in Zip Code 66202: Mission, Kansas' LIHTC Investment
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 66202 in Mission, Kansas, exhibits a substantial Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This area contains 716 total units in LIHTC-funded projects, with 644 designated as low-income units, demonstrating significant investments in affordable housing. Based on the 2022 population of 17,071 and an estimated 6,541 housing units, LIHTC-funded affordable housing comprises approximately 10.9% of the zip code's estimated housing inventory.
LIHTC projects in zip code 66202 have received $811,094 in project tax credits, averaging about $1,133 per unit in federal funding. This zip code accounts for 0.57% of the total LIHTC funding allocated to Kansas, indicating a notable concentration of affordable housing investment in this area.
Affordable housing has been a consistent priority in zip code 66202, with projects spanning from 1989 to 2016. The initial LIHTC project, Tiffany Gardens, was completed in 1989, while the most recent, Tonganoxie Sundance II, was finished in 2016. The 1990s witnessed the most activity in affordable housing development, with projects such as Metcalf 56 Apts, Retreat At Mission, and Sundance Overland Park being completed during this decade.
The LIHTC-funded projects in zip code 66202 offer a diverse range of unit types. Of the 716 total units, there are 267 efficiencies, 227 one-bedroom units, 198 two-bedroom units, and 24 three-bedroom units. This distribution indicates a focus on accommodating smaller households and individuals.
Over the past decade, zip code 66202 has experienced modest population growth, increasing from 16,424 in 2013 to 17,071 in 2022. Median income has risen significantly, from $57,652 in 2013 to $75,892 in 2022, suggesting an overall improvement in economic conditions.
The racial composition of zip code 66202 has remained relatively stable, with a slight decrease in the white population from 79% in 2013 to 76% in 2022. There has been a small increase in the Hispanic population, from 11% to 12%, and the Asian population has grown from 1% to 2-3% during this period.
Despite the rising median income, the consistent development of LIHTC projects over the years indicates an ongoing commitment to maintaining affordable housing options in zip code 66202. This suggests recognition of the continued need for affordable housing even as overall economic indicators improve.
Zip code 66202 demonstrates a substantial investment in LIHTC-funded affordable housing, with projects spanning several decades. The area has a diverse mix of unit types, catering to various household sizes. While the zip code has experienced economic growth and slight demographic shifts over the past decade, the continued presence of LIHTC projects reflects an ongoing commitment to maintaining affordable housing options for lower-income residents.
