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Affordable Housing Impact in East Sqope Highlands: LIHTC's Long-term Contribution
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
East Sqope Highlands, a neighborhood in Kansas City, Missouri, has a population of 929 as of 2022. The area features a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing, with 184 units, of which 183 are designated as low-income. Based on an estimated housing inventory of approximately 356 units, LIHTC funded affordable housing comprises about 51.7% of the neighborhood's housing stock, indicating a substantial contribution to the area's affordable housing needs.
The LIHTC program has invested $431,083 in tax credits for affordable housing projects in East Sqope Highlands. This equates to an average federal funding of approximately $2,343 per unit. The neighborhood's affordable housing inventory includes 8 efficiencies, 8 one-bedroom units, and 96 two-bedroom units, offering a range of housing options for low-income residents.
Ashley Park Apartments, the sole LIHTC project in the neighborhood, was completed in 2007. This project has provided affordable housing options to the community for over 15 years, demonstrating a long-term commitment to addressing housing needs in the area.
East Sqope Highlands has experienced demographic changes over the past decade. The population has remained relatively stable, with a slight decrease from 995 in 2020 to 929 in 2022. Median income has shown an upward trend, increasing from $32,525 in 2020 to $38,676 in 2022, potentially indicating improving economic conditions for some residents.
The neighborhood has maintained a diverse racial composition. The percentage of Black residents has increased slightly from 47% in 2020 to 51% in 2022, while the percentage of White residents has decreased from 49% to 44% during the same period. The Hispanic population has remained relatively stable at around 2-3%.
The presence of a significant LIHTC-funded affordable housing project in East Sqope Highlands aligns with the area's demographic profile, which includes a substantial portion of residents who may benefit from affordable housing options.
East Sqope Highlands demonstrates a significant commitment to affordable housing through its LIHTC-funded project, Ashley Park Apartments. This development provides a considerable number of affordable units, covering over half of the estimated housing inventory in the neighborhood. The diverse unit mix caters to various household sizes and needs. While the neighborhood has experienced some demographic shifts over the past decade, the continued presence of affordable housing options likely plays a crucial role in maintaining community stability and addressing the housing needs of low-income residents.
