The LIHTC funded housing inventory in Kearney consists of 40 one-bedroom units and 103 two-bedroom units. Notably, the Centerville Cottages project, completed in 2017, is specifically targeted towards individuals with disabilities, addressing the needs of this particular population.

Over the past decade, Kearney's population has grown steadily, increasing from 11,977 in 2010 to 15,548 in 2022. This represents a growth of nearly 30%. During this period, the median income has also risen significantly, from $87,420 in 2013 to $95,398 in 2022, indicating an overall increase in prosperity for the city.

The racial composition of Kearney has remained relatively stable, with a slight decrease in the white population from 94% in 2013 to 91% in 2022. There has been a small increase in Hispanic residents, from 2% in 2013 to 4% in 2022, and an increase in residents identifying as two or more races, from 1% to 4% over the same period.

The completion of two LIHTC projects in the 2010s (Eastwood Apts in 2011 and Centerville Cottages in 2017) aligns with the period of population growth and increasing median income, suggesting a response to the growing need for affordable housing options in a prospering community.

Kearney's LIHTC funded affordable housing inventory, while modest at 2.4% of the estimated housing stock, has been developed consistently over three decades. The city has received over $1.1 million in tax credits, supporting four projects that provide 143 low-income units. The most recent project, completed in 2017, caters to individuals with disabilities, demonstrating a focus on diverse housing needs. The steady population growth and rising median income over the past decade suggest an ongoing need for affordable housing options in this growing community.