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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
North Kansas City, Missouri, a small city with a population of 6,090 as of 2022, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The city has 327 total units in LIHTC-funded projects, with 281 designated as low-income units. Based on an estimated housing inventory of approximately 2,333 units, LIHTC-funded affordable housing comprises about 14% of the city's housing stock, aligning with target percentages for a well-balanced affordable housing supply.
The city has received $925,422 in project tax credits for affordable housing through the LIHTC program. With approximately 5 projects, this translates to an average of $185,084 in federal funding per project, or about $2,830 per unit. North Kansas City holds 0.26% of the total state LIHTC funding, indicating a modest but significant contribution to Missouri's affordable housing efforts.
LIHTC-funded affordable housing has been present in North Kansas City for nearly three decades. The first project, Whitehall Apts, was completed in 1991, and the most recent named project, The Gardens At Northgate Village Phase I, was completed in 2017. The 2000s saw the most activity in affordable housing development, with projects such as Northgate Seniors Apts completed in 2005.
The LIHTC-funded housing inventory in North Kansas City includes a mix of unit types, with 108 one-bedroom and 102 two-bedroom units. This distribution suggests a focus on accommodating smaller households and families. One project, The Gardens At Northgate Village Phase I, specifically targets individuals with disabilities, addressing the needs of a vulnerable population.
Analyzing demographic trends over the last decade, North Kansas City has experienced steady population growth, increasing from 4,930 in 2010 to 6,090 in 2022. The median income has fluctuated but showed an overall increase from $40,082 in 2013 to $45,725 in 2022. This growth in population and income may indicate a continuing need for affordable housing options.
Racial demographics have remained relatively stable, with the white population constituting the majority, though decreasing slightly from 78% in 2013 to 72% in 2022. There has been a small increase in diversity, with slight growth in the Black, Hispanic, and multiracial populations. This gradual shift in demographics could influence future affordable housing needs and targeted populations.
In summary, North Kansas City has maintained a consistent commitment to affordable housing through the LIHTC program over the past three decades. The city's LIHTC-funded units represent a significant portion of its estimated housing stock, aligning closely with recommended targets for affordable housing. The steady population growth and evolving demographics suggest an ongoing need for affordable housing options, which the city has addressed through various LIHTC projects targeting different populations and unit types.