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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Carbondale, Kansas, maintains a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city's total LIHTC-funded affordable housing units number 24, all of which are designated as low-income units. Based on the 2022 population of 1,497 and using the national average household size, the estimated housing inventory for Carbondale is approximately 574 units. The LIHTC-funded affordable housing comprises about 4.2% of the estimated housing units in the city.
Carbondale has received $67,157 in project tax credits through the LIHTC program. With two projects, this translates to an average of $33,578.50 in federal funding per project. The average federal funding per unit is $2,798.21. Carbondale holds 0.05% of the total state LIHTC funding, indicating a small share of Kansas's affordable housing resources.
The first LIHTC project in Carbondale, Valley View Village Apts IV, was completed in 1990, while the most recent project, Valley View Village Apts, was finished in 1991. This indicates that affordable housing has been present in the city for over three decades. The 1990s was the decade with the most affordable housing projects completed in Carbondale.
All 24 LIHTC-funded units in Carbondale are one-bedroom apartments, indicating a focus on smaller household sizes or individual residents in the city's affordable housing strategy.
Over the last decade, Carbondale's population has shown some fluctuation, with a slight overall decline from 1,673 in 2010 to 1,497 in 2022. The median income has increased from $45,111 in 2013 to $63,005 in 2022, suggesting an overall improvement in economic conditions for residents.
Racial demographics have remained relatively stable, with a decrease in the white population from 93% in 2013 to 84% in 2022. There has been an increase in diversity, with the Hispanic population growing from 2% to 8% and the two or more races category increasing from 2% to 6% during this period.
Despite these demographic changes, no new LIHTC projects have been developed in Carbondale since 1991. This could be due to various factors, including the rising median income, which might indicate a reduced need for additional low-income housing, or potential changes in local housing policies and priorities.
Carbondale's LIHTC-funded affordable housing inventory consists of 24 one-bedroom units across two projects, completed in the early 1990s. These units represent a small portion of the city's estimated housing stock and have provided consistent affordable housing options for over 30 years. The city has experienced moderate demographic changes in the past decade, including population fluctuations, increased median income, and slight shifts in racial composition. Despite these changes, no new LIHTC projects have been developed recently, which may reflect evolving housing needs or priorities in the community.