Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Hidden Valley, a neighborhood in Kansas City, Missouri, exhibits a high concentration of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 709 units in LIHTC-funded projects, with 568 designated as low-income units. Based on the 2022 population of 1,087 and the national average household size, the estimated housing inventory for the neighborhood is approximately 416 units. The LIHTC-funded affordable housing encompasses most of the neighborhood's housing inventory, indicating a significant focus on providing affordable housing options in this community.
Hidden Valley's LIHTC-funded affordable housing projects span from 1987 to 2001, demonstrating a sustained commitment to affordable housing in the area. The 1990s witnessed the most activity in affordable housing development, with projects such as Hidden Valley/Bannister Arms completed in 1992 and Glens Of Hidden Valley in 1999. The earliest project, Bales Avenue Apts, was completed in 1987, while the most recent addition, Nob Hill Apts, was finished in 2001.
The neighborhood's LIHTC-funded housing stock offers a range of unit types. Of the total 709 units, there are 4 efficiencies, 281 one-bedroom units, 300 two-bedroom units, and 84 three-bedroom units. This distribution suggests an emphasis on accommodating various household sizes, with a focus on one and two-bedroom apartments.
Hidden Valley has experienced notable demographic shifts over the past decade. The population has fluctuated, reaching a peak of 1,865 in 2018 before declining to 1,087 in 2022. Median income has shown an overall upward trend, increasing from $19,181 in 2013 to $23,160 in 2022, with a peak of $32,155 in 2021.
Racial demographics have also evolved. The Black population has remained the largest group, though its proportion has varied, ranging from 49% to 69% between 2013 and 2022. The White population has fluctuated between 26% and 42% during this period. Hispanic representation has remained relatively low, never exceeding 6% of the population.
These demographic changes, particularly the recent population decrease and income fluctuations, may influence future affordable housing needs in the neighborhood. However, no new LIHTC projects have been reported in the last decade, which could indicate that other housing programs or factors are addressing the community's evolving needs.
Hidden Valley presents a case where LIHTC-funded affordable housing comprises a substantial portion of the neighborhood's estimated housing inventory. The area has a history of affordable housing development spanning from the late 1980s to the early 2000s, with a variety of unit types to accommodate different household sizes. While recent years have seen demographic shifts, including population fluctuations and changes in racial composition, the existing LIHTC projects continue to play a crucial role in the neighborhood's housing landscape. The interplay between these demographic trends and the established affordable housing stock will likely shape the community's housing needs and dynamics in the coming years.