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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Manhattan, Kansas, zip code 66503 has a population of 17,105 as of 2022. This area contains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 186 total units, all designated as low-income units. The LIHTC-funded affordable housing comprises approximately 2.84% of the zip code's estimated housing inventory of 6,554 units.
The LIHTC program has invested $1,878,824 in tax credits for affordable housing projects in zip code 66503. This equates to an average federal funding of $10,101 per unit. Zip code 66503 accounts for 1.31% of the total LIHTC funding allocated to Kansas.
Affordable housing has been present in this community for over a decade. The first LIHTC project, Highland Ridge Apartments, was completed in 2007. The most recent addition, Willow Ridge Apartments, was completed in 2016. The 2010s saw the most significant growth in affordable housing, with three out of the four LIHTC projects completed during this decade.
The affordable housing units in zip code 66503 consist primarily of two-bedroom (90 units) and three-bedroom (66 units) apartments, with a smaller number of one-bedroom (28 units) and four-bedroom (2 units) units. This distribution indicates a focus on accommodating various household sizes.
Over the past decade, zip code 66503 has experienced steady population growth, increasing from 12,700 in 2010 to 17,105 in 2022. This growth may have contributed to the need for additional affordable housing options. The median income in the area has also increased overall, rising from $75,127 in 2013 to $86,007 in 2022, with some fluctuations in between.
The racial composition of zip code 66503 has remained relatively stable, with a slight decrease in the white population from 82% in 2013 to 77% in 2022. There has been a modest increase in diversity, with small growths in Asian, Black, and Hispanic populations. This demographic shift may have influenced the development of affordable housing to ensure equitable access for all community members.
The LIHTC program has played a significant role in providing affordable housing options in Manhattan's 66503 zip code. With 186 low-income units across four projects, the program has contributed to addressing the area's affordable housing needs. The investment of nearly $1.9 million in tax credits demonstrates a commitment to creating accessible housing options for lower-income residents. While the current LIHTC-funded affordable housing stock represents a small percentage of the estimated total housing inventory, it provides an important foundation for addressing housing affordability in the community. The area's population growth and demographic changes over the past decade underscore the ongoing importance of maintaining and potentially expanding affordable housing options to meet the evolving needs of the community.