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Affordable Housing Analysis in Zip Code 66618: Early 2000s LIHTC Development in Topeka, 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 66618 in Topeka, Kansas, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area has 122 total units in LIHTC-funded projects, with 116 designated as low-income units. Based on the 2022 population of 10,933 and an estimated 4,189 housing units, LIHTC-funded affordable housing comprises approximately 2.91% of the zip code's estimated housing inventory.
The LIHTC projects in this zip code have received $669,032 in project tax credits, averaging $5,484 per unit. This funding represents 0.47% of the total LIHTC credits allocated to Kansas. Affordable housing has been present in this zip code since 2000, with the completion of Northrock Apts I. The most recent project, Northrock Apts III, was completed in 2003, indicating a three-year period of LIHTC development activity. The early 2000s saw all three projects (Northrock Apts I, II, and III) completed.
The LIHTC-funded projects in this zip code include 28 two-bedroom units and 4 three-bedroom units specifically reported. This distribution suggests a focus on accommodating small to medium-sized families or households.
Over the past decade, the zip code's population has remained relatively stable, fluctuating between 11,000 and 11,500 residents. The median income has shown an upward trend, increasing from $75,400 in 2013 to $84,886 in 2022. This rise in median income might partially explain the lack of new LIHTC projects in recent years, as the area's overall economic situation has improved.
The racial composition of the zip code has remained predominantly white, consistently above 85% throughout the last decade. There has been a slight increase in diversity, with the percentage of residents identifying as two or more races growing from 1% in 2019 to 4% in 2022.
Zip code 66618 in Topeka, Kansas, has a small but significant LIHTC-funded affordable housing presence, representing about 2.91% of the estimated housing inventory. The area saw concentrated development of affordable housing in the early 2000s, with three projects completed between 2000 and 2003. While this falls short of the target percentage for affordable housing stock, other programs may contribute to the overall affordable housing inventory. The zip code has experienced stable population levels and increasing median income over the past decade, which may influence the current need for additional affordable housing development.
