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Affordable Housing in Lykins: A Decade-Long Stagnation in LIHTC Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Lykins, a neighborhood in Kansas City, Missouri, had a population of 4,141 in 2022. The area contains 11 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, all designated as low-income. These units represent approximately 0.69% of the neighborhood's estimated 1,587 housing units.
The LIHTC program has supported affordable housing in Lykins since 1989, with the initial project completed at 3400-3404 East 14th Street. The most recent projects were finished in 1998, including developments at 3710-12 E 9th Street, 3731-33 E 9th Street, and 6716-18 E 9th Street. This indicates a presence of LIHTC funded affordable housing in the neighborhood for nearly three decades.
The 1990s witnessed the majority of LIHTC project completions in Lykins, with four out of five projects finalized during this period. The neighborhood's LIHTC funded housing stock comprises 4 two-bedroom units, 4 three-bedroom units, and 3 four-bedroom units, suggesting accommodation for various family sizes.
Lykins has experienced demographic changes over the past decade. The population decreased from 4,565 in 2020 to 4,141 in 2022. Median income showed an overall upward trend, increasing from $20,081 in 2015 to $26,589 in 2022, with fluctuations in between.
Racial distribution in Lykins has remained relatively stable in recent years. As of 2022, the neighborhood's population was approximately 47% Hispanic, 26% Black, 20% White, and 6% Asian. This consistency in racial demographics suggests a stable community composition.
No new LIHTC projects have been completed in Lykins since 1998. This could be attributed to various factors, including changes in funding priorities, shifts in housing needs, or the development of affordable housing through other programs not captured in this data.
Lykins neighborhood has a small inventory of LIHTC funded affordable housing, comprising less than 1% of its estimated housing stock. The existing units, all developed between 1989 and 1998, provide a mix of two-, three-, and four-bedroom options. While the neighborhood has experienced some demographic changes over the past decade, including population fluctuations and a general increase in median income, the racial composition has remained relatively stable. The absence of recent LIHTC developments may necessitate further investigation into the current affordable housing needs of the community and potential alternative housing support programs in place.
