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Affordable Housing Analysis in Zip Code 67052: LIHTC-Funded Projects in Goddard, 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 67052, located in Goddard, Kansas, contains 36 total units in Low-Income Housing Tax Credit (LIHTC) funded projects, with 25 designated as low-income units. This zip code covers 55.32 square miles and had a population of 10,231 in 2022. The estimated housing inventory of 3,920 units indicates that LIHTC funded affordable housing comprises approximately 0.92% of the zip code's housing stock.
LIHTC projects in this zip code have received $436,759 in project tax credits, averaging about $12,132 per unit in federal funding. This zip code holds 0.31% of the total state LIHTC funding. The first LIHTC project, Goddard Senior Apts, was completed in 2006, while the most recent project, Goddard Senior Homes, was finished in 2020.
The 2020 project, Goddard Senior Homes, added 24 two-bedroom units to the inventory, expanding affordable housing options for seniors. Both LIHTC projects in the area focus on senior housing, addressing the needs of the aging population in the community.
The zip code experienced steady population growth, increasing from 8,286 in 2013 to 10,231 in 2022, a 23.5% increase. This population growth may have contributed to the need for additional affordable housing, as evidenced by the 2020 Goddard Senior Homes project. Median income in the area has fluctuated but generally remained high, ranging from $84,215 in 2013 to $93,883 in 2022.
The racial composition of zip code 67052 has remained predominantly white, with a slight increase in diversity over the past decade. The Hispanic population grew from 7% in 2013 to 9% in 2022, while the Asian population increased from 0% to 2% during the same period.
In summary, zip code 67052 has seen a modest but focused investment in LIHTC funded affordable housing, primarily targeting senior residents. With two projects completed over a 14-year span, the area has maintained consistent, albeit limited, growth in affordable housing options. The recent completion of a larger project in 2020 suggests an ongoing commitment to addressing affordable housing needs, particularly considering the area's population growth and changing demographics. While LIHTC projects currently represent a small portion of the overall housing stock, they play a crucial role in providing affordable options in an area with relatively high median incomes.
