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Affordable Housing in Eastern 49-63: LIHTC Impact 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
The Eastern 49-63 neighborhood in Kansas City, Missouri, possesses a limited Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area contains 24 units in LIHTC funded projects, including 6 low-income units. This inventory represents approximately 1.76% of the neighborhood's estimated 1,366 housing units, based on the 2022 population of 3,564.
The LIHTC program has been active in Eastern 49-63 since 1988, with the initial project completed at 5645 Virginia Ave. The most recent project, Troostwood Townhomes, was completed in 1997. The 1990s witnessed the most LIHTC activity, with three projects completed during this period: 5008 Paseo Blvd, 1316 E 61St St, and 6117 Tracy Ave.
The neighborhood's LIHTC inventory comprises 3 two-bedroom units, 20 three-bedroom units, and 1 four-bedroom unit. This distribution indicates a focus on family-sized accommodations, with a majority of units suitable for larger households.
Eastern 49-63 has experienced demographic changes over the past decade. The population increased from 3,192 in 2013 to 3,564 in 2022, suggesting a growing housing demand. Median income decreased from $51,796 in 2013 to $42,809 in 2022, potentially indicating an increased need for affordable housing options.
Racial demographics have also shifted. The Black population percentage decreased from 41% in 2013 to 30% in 2022, while the Hispanic population increased from 4% to 8% during the same period. The White population remained relatively stable at approximately 50-51% throughout the decade. These changes may influence future affordable housing needs and development strategies.
The Eastern 49-63 neighborhood in Kansas City, Missouri, has a small but established LIHTC funded affordable housing inventory, developed primarily in the late 1980s and 1990s. While the current LIHTC units represent a small percentage of the estimated housing stock, demographic trends such as population growth and decreasing median income suggest a potential need for additional affordable housing options. The shift in racial demographics and the prevalence of family-sized units in the existing LIHTC inventory may inform future affordable housing strategies in the neighborhood.
