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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Gladstone, Missouri, a city with a population of 29,257 as of 2022, has 156 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units are all designated as low-income units and represent approximately 1.39% of the city's estimated housing inventory of 11,210 units.
Gladstone has four LIHTC funded projects. The LIHTC inventory consists of 107 one-bedroom units, 47 two-bedroom units, one three-bedroom unit, and one four-bedroom unit. The first LIHTC project in Gladstone, "6125 Park," was completed in 1990, while the most recent project with a known completion date is "Gladstone Senior Apts," finished in 2004. This indicates that affordable housing has been present in the city for at least 14 years. The 1990s saw the most LIHTC project completions, with two projects finished during that decade.
Over the past decade, Gladstone's population has increased from 27,729 in 2013 to 29,257 in 2022. The median income has risen from $68,973 in 2013 to $72,236 in 2022. Racial demographics have shifted during this period. The white population has decreased from 84% in 2013 to 72% in 2022, while other racial groups have seen modest increases. The Black population grew from 4% to 9%, and the Hispanic population increased from 6% to 8%. The Asian population also increased from 1% to 3%.
Despite these demographic changes, there have been no new LIHTC projects completed in Gladstone since 2004. This could suggest that other affordable housing programs or initiatives may be addressing the city's low-income housing needs, or that the existing LIHTC units are sufficient to meet current demand.
Gladstone, Missouri has a small but established LIHTC funded affordable housing inventory, with 156 units across four projects. These units represent about 1.39% of the city's estimated housing stock. The majority of LIHTC units are one-bedroom apartments, suggesting a focus on smaller households or individuals. While the city has experienced moderate population growth and increasing diversity over the past decade, there have been no new LIHTC projects since 2004. This analysis provides an overview of Gladstone's LIHTC funded affordable housing landscape and its relationship to the city's changing demographics.