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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 67110, located in Mulvane, Kansas, has a population of 7,616 as of 2022. The Low-Income Housing Tax Credit (LIHTC) program has funded affordable housing projects in this community. The zip code currently has 40 total units in LIHTC-funded projects, with 11 of these designated as low-income units. Based on the estimated housing inventory of 2,918 units, the LIHTC-funded affordable housing covers approximately 1.37% of the zip code's housing stock.
The LIHTC program has invested $852,273 in tax credits for affordable housing projects in zip code 67110. This translates to an average federal funding of $21,307 per unit. Notably, this zip code accounts for 0.6% of the total LIHTC funding allocated to the state of Kansas.
Affordable housing has been present in this zip code since at least 1999, with the completion of the Mulvane Housing project. The most recent project, Homestead Senior Residences Mulvane, was completed in 2011, indicating over a decade of LIHTC investment in the area. The 2010s saw the most significant development in affordable housing for this zip code.
The LIHTC-funded projects in zip code 67110 primarily consist of two-bedroom units, with 34 such units available. Additionally, there are 6 one-bedroom units, catering to diverse household sizes and needs.
Over the past decade, the population in zip code 67110 has remained relatively stable, fluctuating between 7,300 and 7,700 residents. The median income has shown some variability, ranging from about $65,000 to $73,000. The racial composition of the area has remained predominantly white, consistently above 90% throughout the decade. The Hispanic population has shown a slight increase from 1% to 3% in recent years, while the percentage of residents identifying as two or more races has grown from 2% to 6%.
The completion of the Homestead Senior Residences Mulvane project in 2011 aligns with a period of relative population stability and steady median income levels, suggesting a response to the community's ongoing affordable housing needs.
Zip code 67110 has a modest LIHTC-funded affordable housing inventory, covering about 1.37% of its estimated housing stock. The area has seen consistent investment in affordable housing over the past two decades, with a focus on two-bedroom units. While the LIHTC program has made a contribution to affordable housing in this zip code, there may be potential for further development to meet the needs of the community, particularly given the relatively stable population and income levels observed in recent years.