Loading Content...
Affordable Housing in Ivanhoe Northeast: A Case Study of LIHTC Impact on a Predominantly Black Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Ivanhoe Northeast, a neighborhood in Kansas City, Missouri, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 93 units in LIHTC-funded projects, with 21 designated as low-income units. Based on the 2022 population of 1,005 and an estimated 385 housing units, LIHTC-funded affordable housing comprises approximately 24.2% of the neighborhood's estimated housing inventory.
The LIHTC program has invested substantially in Ivanhoe Northeast, with project tax credits totaling $499,143. This equates to an average federal funding of about $5,367 per unit across all LIHTC-funded projects in the neighborhood. Affordable housing has been present in Ivanhoe Northeast for over three decades, with the first LIHTC project completed in 1990 and the most recent addition finished in 2016.
The LIHTC-funded housing stock in Ivanhoe Northeast offers a range of unit types. The inventory includes 25 one-bedroom units, 53 two-bedroom units, and 15 three-bedroom units, accommodating various household sizes and needs.
Over the past decade, Ivanhoe Northeast has experienced fluctuations in its population. From a low of 703 residents in 2019, the population has grown to 1,005 in 2022. This recent population growth may indicate an increased demand for housing, including affordable options.
Median income in the neighborhood has shown an upward trend, rising from $15,205 in 2013 to $37,893 in 2022. Despite this increase, the median income remains relatively low, suggesting a continued need for affordable housing options.
The racial composition of Ivanhoe Northeast has remained predominantly Black over the past decade, with the Black population consistently comprising over 80% of residents. In 2022, 90% of the population identified as Black, 7% as White, and 2% as Hispanic. This demographic stability may have influenced the consistent development of LIHTC projects in the area.
Ivanhoe Northeast demonstrates a significant commitment to affordable housing through its LIHTC-funded projects. With 24.2% of its estimated housing inventory consisting of LIHTC units, the neighborhood exceeds the target percentage for affordable housing stock. The area has seen continuous investment in affordable housing over three decades, with projects catering to various household sizes. Despite a rising median income, the relatively low income levels and recent population growth suggest an ongoing need for affordable housing options. The neighborhood's racial composition has remained stable, potentially influencing the consistent development of LIHTC projects in the area.
