The LIHTC funded projects in Excelsior Springs include a mix of unit types, with 170 one-bedroom units, 104 two-bedroom units, and 7 three-bedroom units. The Meadowview I Apartments & Meadowview II A project, completed in 2016, specifically targets the handicapped population, addressing the needs of this vulnerable group.

Over the past decade, Excelsior Springs has experienced some demographic shifts. The population peaked in 2018 at 13,730 but has since declined to 11,885 in 2022. Despite this population decrease, the median income has generally trended upward, reaching $65,738 in 2022. The racial composition has remained predominantly white, though there has been a slight increase in diversity. The percentage of white residents decreased from 91% in 2013 to 84% in 2022, with small increases in Black, Hispanic, and multiracial populations.

The most recent LIHTC project was completed in 2016, coinciding with a period of population growth and rising median income. The subsequent lack of new LIHTC projects may be related to the recent population decline and continued income growth, potentially indicating a reduced need for additional low-income housing.

Excelsior Springs has a notable LIHTC funded affordable housing inventory, covering about 7% of the estimated housing stock. The city has received over $1.5 million in tax credits, supporting 14 projects over nearly three decades. The housing mix predominantly consists of one and two-bedroom units, with one recent project specifically targeting the handicapped population. While the city has experienced some population decline and income growth in recent years, the existing LIHTC projects continue to play a crucial role in providing affordable housing options for low-income residents.