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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Manhattan, Kansas, home to Kansas State University, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city contains 444 total units in LIHTC-funded projects, with 376 designated as low-income units. This represents approximately 2.03% of the city's estimated housing inventory of 21,888 units.
Manhattan has received $4,517,536 in project tax credits through the LIHTC program. With approximately 14 projects, this equates to an average of $322,681 in federal funding per project. The average federal funding per unit is $10,175. Manhattan holds 3.16% of the total state LIHTC funding, indicating a substantial investment in affordable housing for a city of its size.
The first LIHTC project in Manhattan, Colorado Plaza, was completed in 2002, while the most recent named project, Willow Ridge Apartments, was finished in 2016. This 14-year span demonstrates a consistent commitment to affordable housing development in the city. The 2000s saw the most affordable housing projects completed, including Gardens at Flint Hills (2006), Highland Ridge Apartments (2007), and Brookfield III (2009).
Manhattan's LIHTC-funded housing stock includes a diverse range of unit types. There are 98 one-bedroom units, 120 two-bedroom units, 122 three-bedroom units, and 2 four-bedroom units. This distribution suggests a focus on accommodating various family sizes and household compositions.
Over the past decade, Manhattan's population has fluctuated, peaking at 59,368 in 2015 and declining to 57,127 by 2022. Despite these changes, the median income has generally increased, rising from $51,664 in 2015 to $57,658 in 2022. This upward trend in income may indicate a growing need for affordable housing options to support lower-income residents.
The racial demographics of Manhattan have remained relatively stable. The white population decreased slightly from 79% in 2015 to 77% in 2022. The Hispanic population increased from 7% to 8%, and the Asian population remained steady at approximately 5%. The proportion of residents identifying as two or more races doubled from 2% to 4% during this period. These demographic shifts may influence the demand for diverse and inclusive affordable housing options.
Manhattan's LIHTC-funded affordable housing inventory represents a small but significant portion of the city's housing stock. The city has consistently invested in affordable housing projects over the past two decades, with a diverse range of unit types to accommodate various household sizes. While the LIHTC-funded units cover only about 2% of the estimated housing inventory, they play an important role in providing affordable options for low-income residents. The city's changing demographics and increasing median income suggest an ongoing need for affordable housing solutions to ensure a balanced and inclusive community.