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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Ivanhoe Southeast neighborhood in Kansas City, Missouri, has a presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. As of 2022, the neighborhood had a population of 2,589 and an estimated housing inventory of 992 units. The LIHTC program has funded 15 affordable housing units in this area, all designated as low-income units. These 15 units represent 1.5% of the estimated housing inventory in the neighborhood.
The LIHTC program has provided $80,000 in project tax credits for affordable housing in Ivanhoe Southeast. With 15 total units funded, this amounts to an average of $5,333 in federal funding per unit. The neighborhood has seen LIHTC-funded affordable housing projects spanning from 1988 to 2002, indicating a 14-year period of affordable housing development.
The first LIHTC project in the area was "4114 Wabash Ave," completed in 1988. The most recent projects, "Woodland Heights Phase II" and "Woodland Heights," were completed in 2001 and 2002 respectively. The early 2000s saw the most affordable housing activity, with two projects completed during this time.
Regarding unit types, the neighborhood's LIHTC-funded housing stock primarily consists of larger units. There is one two-bedroom unit and 14 four-bedroom units, suggesting a focus on accommodating larger families or households.
Over the past decade, Ivanhoe Southeast has experienced demographic shifts. The population has remained relatively stable, with a slight decrease from 2,717 in 2020 to 2,589 in 2022. The median income has increased from $32,016 in 2020 to $34,608 in 2022.
The racial composition of the neighborhood has changed. The Black population remains the majority but has decreased from 95% in 2020 to 87% in 2022. The Hispanic population has increased from 1% to 6%, and the White population from 3% to 6% during the same period.
These demographic shifts, particularly the increasing median income and diversifying racial composition, may influence future affordable housing needs in the neighborhood. The lack of new LIHTC projects in the last two decades could be due to changing economic conditions or a shift in housing priorities for the area.
The Ivanhoe Southeast neighborhood has a small but established LIHTC-funded affordable housing presence, with projects dating back to the late 1980s. The existing affordable units, while limited in number, provide larger accommodations suitable for families. The neighborhood has experienced moderate demographic changes in recent years, including rising median incomes and increasing racial diversity. These factors may influence future affordable housing needs and development in the area. Ongoing assessment of housing affordability in relation to these demographic shifts will be crucial for addressing the community's evolving needs.