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Affordable Housing and LIHTC Projects in Kansas City's 64151 Zip Code
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The 64151 zip code in Kansas City, Missouri, exhibits a diverse community with a growing population and significant investment in affordable housing through the Low-Income Housing Tax Credit (LIHTC) program. This zip code contains 330 total units in LIHTC-funded projects, with 285 designated as low-income units. Based on the estimated 11,240 housing units in the zip code, LIHTC-funded affordable housing represents approximately 2.9% of the total housing inventory.
The LIHTC program has supported affordable housing in this zip code for over three decades. The first project, Willow Lake Apartments, was completed in 1989, while the most recent, Northwoods Apartments, was finished in 2004. The 1990s saw the most activity, with Englewood Apartments being completed in 1993.
The housing inventory includes a mix of unit sizes to accommodate various household needs. There are 106 one-bedroom units, 77 two-bedroom units, 31 three-bedroom units, and 8 four-bedroom units. This diversity in unit sizes suggests an effort to cater to different family sizes and living arrangements within the affordable housing stock.
Over the past decade, the zip code has experienced steady population growth, increasing from 25,496 in 2013 to 29,337 in 2022. This 15% population increase may have contributed to the need for affordable housing options. The median income has also risen, from $75,505 in 2013 to $84,464 in 2022, representing a 12% increase. Despite this growth in median income, the presence of LIHTC projects indicates an ongoing need for affordable housing options.
Racial demographics have remained relatively stable, with a decrease in the white population from 78% in 2013 to 72% in 2022. There has been an increase in the Black population from 8% to 12%, and the Hispanic population has grown from 6% to 8% during this period. These demographic shifts may influence the demand for affordable housing in the area.
The 64151 zip code in Kansas City, Missouri, has a modest but significant LIHTC-funded affordable housing presence, representing about 2.9% of the estimated housing inventory. The area has seen consistent population growth and rising median incomes over the past decade, which may impact the demand for affordable housing. While the LIHTC projects provide a range of unit sizes to accommodate different household needs, the changing demographics and economic conditions of the zip code suggest that ongoing assessment of affordable housing needs may be necessary to ensure adequate provision for low-income residents.
