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Affordable Housing in Mission, Kansas: LIHTC Funding and Demographic Trends
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Mission, Kansas, a suburban community, had a population of 10,411 in 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 428 total units, all designated as low-income units. This represents approximately 10.7% of the city's estimated housing stock of 3,989 units.
Mission has received $148,117 in project tax credits through the LIHTC program. With two approximate projects, this translates to an average federal funding of $74,058.50 per project and $346.07 per unit. The city holds 0.1% of the total state LIHTC funding, indicating a relatively small share of Kansas' affordable housing allocation.
The first LIHTC project in Mission, Whispering Falls, was completed in 1990, while the most recent project, Retreat At Mission, was finished in 1998. This indicates that affordable housing has been present in the city for at least 32 years. The 1990s saw the most affordable housing development activity in Mission.
The affordable housing inventory in Mission comprises 267 efficiencies, 136 one-bedroom units, and 25 two-bedroom units. This distribution suggests a focus on smaller household sizes in the LIHTC-funded projects.
Over the past decade, Mission's population has shown a gradual increase, growing from 9,560 in 2015 to 10,411 in 2022. Concurrently, the median income has risen significantly, from $60,919 in 2015 to $81,515 in 2022, representing a 33.8% increase.
The racial composition of Mission has remained relatively stable, with a slight increase in diversity. The white population has decreased marginally from 77% in 2015 to 79% in 2022, while the Asian population has grown from 2% to 4% during the same period. The Black population has decreased slightly from 7% to 5%, and the Hispanic population has remained relatively constant, fluctuating between 5% and 8%.
Mission's LIHTC-funded affordable housing inventory covers about 10.7% of the estimated housing stock, providing 428 low-income units. The city has received a small portion of Kansas' LIHTC funding, with projects dating back to 1990. The affordable housing stock primarily consists of efficiencies and one-bedroom units, suggesting a focus on smaller households. No new LIHTC projects have been developed in the last decade, while the city has experienced population growth and a significant increase in median income, potentially indicating changing housing needs in the community.
