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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Belton, Missouri, a city with a population of 25,838 as of 2022, has utilized the Low-Income Housing Tax Credit (LIHTC) program to address affordable housing needs. The city's LIHTC-funded affordable housing inventory comprises 201 total units, of which 185 are designated as low-income units. This represents approximately 2.03% of Belton's estimated housing stock of 9,900 units.
Belton has received $678,589 in project tax credits for affordable housing through the LIHTC program. With approximately 7 projects, this equates to an average of $96,941 in federal funding per project, or $3,376 per unit. Belton's share of the total state LIHTC funding is 0.19%.
The city's involvement with LIHTC-funded affordable housing began in 1987 with the project at 100 E Sunrise Dr. The most recent project with a known completion date is Emerson Park, finished in 2011. This 24-year span demonstrates Belton's long-term commitment to affordable housing.
The 1980s and 1990s were the most active periods for affordable housing development, with four projects completed. The 2000s contributed two additional projects: Lakewood Terrace in 2002 and Emerson Park in 2011. The LIHTC-funded projects in Belton offer a variety of housing options, including 12 one-bedroom units, 100 two-bedroom units, and 89 three-bedroom units, catering to diverse household sizes and needs within the low-income population.
Belton's population has grown steadily over the last decade, increasing from 24,616 in 2013 to 25,838 in 2022. The median income has also risen overall, from $60,105 in 2013 to $68,585 in 2022, despite some fluctuations. The city has maintained a predominantly white population, though there has been a slight decrease from 82% in 2013 to 80% in 2022. The Hispanic population has remained relatively stable at around 8-9%, while the Black population has increased from 4% in 2013 to 6% in 2022. The Asian population has consistently been around 1%.
No new LIHTC projects have been recorded in Belton over the last decade. This could be attributed to various factors, including changes in housing needs, funding priorities, or other housing initiatives not captured in this data.
Belton's LIHTC-funded affordable housing inventory, while modest compared to the total housing stock, represents a consistent effort to provide low-income housing options. The city has utilized federal funding to create a diverse range of units, primarily focusing on two and three-bedroom apartments. The demographic trends show a growing population with increasing median income, which may influence future affordable housing needs. The racial composition of the city has remained relatively stable, with slight increases in diversity. These factors, combined with the historical pattern of LIHTC project development, provide valuable insights for future affordable housing planning in Belton.