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Affordable Housing in Hillsboro, Kansas: LIHTC Impact on a Small City
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Hillsboro, Kansas, a small city with a population of 2,787 as of 2022, has utilized the Low-Income Housing Tax Credit (LIHTC) program to fund 36 affordable housing units. These units, all designated as low-income, represent approximately 3.37% of the city's estimated housing inventory of 1,068 units.
Hillsboro has received $240,558 in LIHTC funding for affordable housing projects. With two projects, this amounts to an average of $120,279 per project and $6,682 per unit in federal funding. The city holds 0.17% of Kansas' total LIHTC funding allocation.
The city's affordable housing development spans over two decades. The first LIHTC project, Oakwood Manor I, was completed in 1993, and the most recent, Vintage Apartments At Hillsboro, in 2016. One project was completed in each of the 1990s and 2010s. Of the 36 LIHTC-funded units, 24 are one-bedroom units, indicating a focus on smaller household sizes or single occupants.
Hillsboro's population has gradually declined from 3,078 in 2013 to 2,787 in 2022. The median income has fluctuated, rising from $49,547 in 2013 to $55,986 in 2021, before decreasing to $46,023 in 2022.
The racial composition of Hillsboro has remained relatively stable. The white population decreased slightly from 94% in 2013 to 89% in 2022. There has been a small increase in diversity, with slight growth in Asian, Black, and Hispanic populations, as well as those identifying as two or more races.
The completion of the Vintage Apartments At Hillsboro in 2016 coincides with a period of relative stability in the city's demographics, potentially addressing a consistent need for affordable housing despite the overall population decline.
Hillsboro's LIHTC-funded affordable housing inventory represents a consistent effort to provide low-income housing options over the past three decades. The city's allocation of 0.17% of state LIHTC credits indicates a proportional investment in affordable housing relative to its size. The focus on one-bedroom units suggests an alignment with changing demographic needs or single-occupant households. While the population has been declining, the fluctuations in median income and slight increases in diversity may indicate an ongoing need for affordable housing options in the community.
