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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Hutchinson, Kansas, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has 535 total units in LIHTC-funded projects, with 508 designated as low-income units. Based on an estimated housing inventory of 16,694 units for the city's 2022 population, LIHTC-funded affordable housing comprises approximately 3.2% of the city's housing stock.
Hutchinson has received $4,265,843 in project tax credits through the LIHTC program. With approximately 20 projects, this equates to an average of $213,292 in federal funding per project, or $7,973 per unit. Hutchinson holds 2.98% of Kansas's total LIHTC funding.
The city's affordable housing development spans over two decades, with the first LIHTC project completed in 1997 and the most recent in 2019. The 2000s saw the most LIHTC activity, with several projects being developed during this period.
Hutchinson's LIHTC-funded housing stock comprises 4 efficiencies, 91 one-bedroom units, 234 two-bedroom units, and 117 three-bedroom units. This distribution caters to various household sizes and needs within the low-income population.
Over the past decade, Hutchinson's population has declined, decreasing from 46,759 in 2013 to 43,571 in 2022. Despite this population decrease, the median income has risen from $49,209 in 2013 to $54,354 in 2022, indicating some economic improvement.
The racial composition of Hutchinson has remained relatively stable, with a slight increase in diversity. The white population decreased from 83% in 2013 to 81% in 2022, while the Hispanic population grew from 9% to 12% during the same period. The black population remained constant at 3%, and there was a small increase in those identifying as two or more races.
The construction of LIHTC projects like The Clusters (2015), Commerce Gardens (2017), and The Link of Hutchinson (2019) aligns with the period of population decline and rising median income, suggesting ongoing efforts to maintain affordable housing options despite changing demographics.
Hutchinson's LIHTC-funded affordable housing inventory represents a small but significant portion of the city's housing stock. The city has consistently developed affordable housing projects over the past two decades, with a focus on diverse unit types to accommodate various household needs. While the population has decreased slightly, the rising median income and steady development of LIHTC projects indicate ongoing efforts to maintain affordable housing options. The city's share of state LIHTC funding and the consistent implementation of projects demonstrate a commitment to addressing affordable housing needs in Hutchinson.