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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Bonne Hills, a neighborhood in Kansas City, Missouri, possesses a limited Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area contains 2 total affordable units, all of which are designated as low-income units. Based on the 2022 population of 2,076 and using the national average household size, the estimated number of housing units in the neighborhood is approximately 795. The LIHTC funded affordable housing represents about 0.25% of the estimated housing inventory in Bonne Hills.
Affordable housing has been present in Bonne Hills since the late 1980s. The first LIHTC project, "16 W 89Th Ter," was completed in 1988, followed by "9245 Main St" in 1989. This indicates that affordable housing initiatives have been part of the neighborhood's landscape for over three decades.
The 1980s witnessed the most affordable housing activity in Bonne Hills, with both LIHTC projects being completed during this decade. The two projects contribute differently to the housing mix: "16 W 89Th Ter" provides a two-bedroom unit, while "9245 Main St" offers a three-bedroom unit. This diverse unit composition suggests an attempt to cater to different household sizes within the affordable housing framework.
Over the past decade, Bonne Hills has experienced some demographic fluctuations. The population has remained relatively stable, with a slight increase from 1,833 in 2019 to 2,076 in 2022. Median income has shown an upward trend, rising from $47,838 in 2019 to $55,446 in 2022, which might indicate improving economic conditions for residents.
Racial distribution in Bonne Hills has seen some changes. The white population decreased from 64% in 2019 to 59% in 2022, while the Black population remained relatively stable at around 22-24%. The Hispanic population saw a slight increase from 8% to 10% during this period. The neighborhood has also become more diverse, with the percentage of residents identifying as two or more races increasing from 1% to 5%.
Despite these demographic shifts, there have been no new LIHTC projects in the last decade. This could be due to various factors, including changes in funding priorities, zoning regulations, or a perception that the existing affordable housing stock is sufficient for current needs.
Bonne Hills has a small LIHTC funded affordable housing inventory, consisting of two units built in the late 1980s. These units represent a very small fraction of the estimated housing stock in the neighborhood. While the area has seen some demographic changes in recent years, including population growth and increased diversity, there have been no new LIHTC projects to address potential changes in affordable housing needs. The existing LIHTC units continue to provide a modest contribution to the neighborhood's affordable housing options, offering both two-bedroom and three-bedroom units to accommodate different household sizes.