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Affordable Housing in Blue Springs: LIHTC Funding and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Blue Springs, Missouri, has a total of 357 units in Low-Income Housing Tax Credit (LIHTC) funded projects, with 352 designated as low-income units. This inventory represents approximately 1.5% of the city's estimated housing stock, based on the 2022 population of 62,738 and an estimated 24,038 housing units. The city has received $797,055 in project tax credits through the LIHTC program, distributed across approximately 4 projects.
The average federal funding per project is $199,264, with $2,232 allocated per unit. Blue Springs holds 0.23% of Missouri's total LIHTC funding, indicating a relatively small share of the state's affordable housing resources. The city's LIHTC-funded affordable housing development spans from 1992 to 2018, demonstrating a long-term commitment to providing affordable housing options.
The housing mix in Blue Springs' LIHTC-funded projects comprises 6 one-bedroom units, 132 two-bedroom units, and 166 three-bedroom units. This distribution suggests a focus on accommodating families and larger households within the affordable housing inventory.
Blue Springs has experienced steady population growth over the past decade, increasing from 55,626 in 2012 to 62,738 in 2022. The median income has also risen, from $77,573 in 2013 to $81,633 in 2022, indicating overall economic improvement in the city. Racial demographics have remained relatively stable, with a slight decrease in the white population from 86% in 2013 to 81% in 2022. There has been a small increase in diversity, with modest growth in Black, Hispanic, and Asian populations.
The most recent LIHTC project in 2018 coincides with this gradual demographic shift, possibly responding to changing housing needs in the community. The earliest project, Windemere I, was completed in 1992, while the most recent addition, Friendship Manor, was finished in 2018. The 1990s saw the most activity in affordable housing development, with two projects completed during that decade.
Blue Springs' LIHTC-funded affordable housing inventory represents a consistent effort to provide affordable options over nearly three decades. The focus on two- and three-bedroom units suggests an emphasis on family-oriented affordable housing. While the percentage of LIHTC-funded units relative to the estimated housing stock is small, this analysis does not account for other affordable housing programs that may be present in the city. The gradual demographic changes and steady economic growth in Blue Springs may influence future affordable housing needs and development strategies.
