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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Harrisonville, Missouri, a city with a population of 14,498 as of 2022, has a notable Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. This inventory comprises 257 total units, with 221 designated as low-income units. The LIHTC-funded affordable housing represents approximately 4.6% of the city's estimated 5,555 housing units.
Harrisonville has received $791,323 in project tax credits through the LIHTC program. With approximately 10 projects, the average federal funding per project is $79,132. The average federal funding per unit is about $3,079. The city holds 0.23% of the total state LIHTC funding, indicating a modest share of Missouri's affordable housing resources.
Affordable housing has been part of Harrisonville's landscape for several decades. The first LIHTC project was completed in 1988 at 2703 Easton St, and the most recent in 2017 with Harrisonville Villas. The 1990s saw the most affordable housing development activity, with projects such as Harrisonville Properties II (1991), West Sycamore Street Housing (1993), and Harrisonville Heights (1997) being completed during this decade.
The affordable housing inventory in Harrisonville includes a mix of unit types: 119 one-bedroom units, 109 two-bedroom units, and 21 three-bedroom units. This distribution suggests a focus on accommodating small families and individuals. The Harrisonville Villas project, completed in 2017, is specifically targeted towards individuals with disabilities, addressing a particular housing need within the community.
Over the past decade, Harrisonville's population has remained relatively stable, fluctuating between 14,200 and 14,800 residents. The median income has shown an overall upward trend, increasing from $56,413 in 2014 to $59,790 in 2022, with some fluctuations in between. The racial composition of Harrisonville has remained predominantly white, consistently above 90% throughout the decade. There has been a slight increase in diversity, with small increases in Hispanic, Asian, and multiracial populations.
The stable population and increasing median income may have influenced the relatively low number of new LIHTC projects in recent years. However, the slight increase in diversity could potentially indicate a growing need for diverse housing options in the future.
Harrisonville's LIHTC-funded affordable housing inventory represents a small but significant portion of the city's housing stock. The city has benefited from federal funding to create a mix of affordable units, with a focus on one and two-bedroom apartments. While affordable housing development was more active in the 1990s, recent projects like Harrisonville Villas demonstrate ongoing efforts to address specific housing needs. The city's demographic trends, including stable population and increasing median income, provide context for the current state of affordable housing in Harrisonville.