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Affordable Housing Analysis: Zip Code 64118's LIHTC Inventory in Kansas City, Missouri
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 64118 in Kansas City, Missouri, contains a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area has 1,026 total units in LIHTC-funded projects, with 1,009 designated as low-income units. Based on the 2022 population of 42,178 and an estimated 16,160 housing units, the LIHTC-funded affordable housing represents approximately 6.3% of the zip code's estimated housing inventory.
The LIHTC projects in zip code 64118 have received $940,223 in tax credits, averaging about $916 per unit in federal funding. This zip code holds 0.27% of Missouri's total LIHTC funding, indicating a concentration of affordable housing investment in this area.
The first LIHTC project in the zip code, "6125 Park," was completed in 1990, while the most recent dated project, "North Park Place Apts," was finished in 2007. This 17-year span demonstrates a long-term commitment to affordable housing in the area. The early 2000s saw the most affordable housing activity, with projects like "Oak Creek Apts," "Crooked Creek Apts," "Gladstone Senior Apts," "Jefferson Manor," and "Maple Corners II" being completed between 2001 and 2004.
The affordable housing inventory in zip code 64118 is diverse, with a total of 335 one-bedroom units, 419 two-bedroom units, 114 three-bedroom units, and 1 four-bedroom unit. This distribution caters to various household sizes and needs within the community.
Over the past decade, zip code 64118 has experienced a gradual increase in population, growing from 39,306 in 2013 to 42,178 in 2022. The median income has also risen, from $59,308 in 2013 to $62,945 in 2022, indicating a modest improvement in economic conditions.
Racial demographics in zip code 64118 have shown slight shifts, with the white population decreasing from 77% in 2013 to 72% in 2022, while the Black population increased from 6% to 10%. The Hispanic population remained stable at around 9%, and there was an increase in residents identifying as two or more races, from 2% to 6%.
Zip code 64118 in Kansas City, Missouri, has a substantial LIHTC-funded affordable housing presence, with over 1,000 units dedicated to low-income residents. The area has seen consistent investment in affordable housing from 1990 to 2007, with a particular focus in the early 2000s. While the LIHTC projects represent a significant portion of the housing stock, demographic trends suggest a continuing need for affordable options as the population grows and diversifies. The mix of unit sizes in these projects reflects an effort to accommodate various household compositions within the community.
