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Affordable Housing in Planeview United: LIHTC Impact on a Changing Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Planeview United, a neighborhood in Wichita, Kansas, has a population of 4,390 as of 2022. The area contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, which provides 72 low-income units. This LIHTC-funded housing represents approximately 4.28% of the neighborhood's estimated housing inventory of 1,682 units.
The LIHTC program has invested $664,650 in tax credits for affordable housing in Planeview United, averaging $9,231 per unit in federal funding. The single LIHTC project, South Creek Apartments or Peaceful Village Apartments, was completed in 2018 and consists of 72 three-bedroom units, suggesting a focus on accommodating families or larger households.
Over the past decade, Planeview United has experienced demographic changes. The population decreased slightly from 5,377 in 2013 to 4,390 in 2022. However, the median income increased significantly from $20,256 in 2013 to $28,764 in 2022, representing a 42% growth.
The racial composition of the neighborhood has also changed. The Hispanic population, which was the largest group at 46% in 2013, decreased to 41% by 2022. The white population remained relatively stable at 27% in 2022. The Asian population increased slightly from 13% in 2013 to 14% in 2022, while the Black population decreased from 9% to 8% during this period.
The completion of the LIHTC project in 2018 coincides with a period of increasing median income in the neighborhood. This suggests that the affordable housing development may have been a response to the growing need for affordable options as incomes were rising, potentially making market-rate housing less accessible for some residents.
Planeview United's affordable housing landscape is characterized by a single LIHTC project completed in 2018, providing 72 three-bedroom units. This project contributes to the neighborhood's affordable housing stock, but covers a relatively small percentage of the estimated housing inventory. The neighborhood has experienced moderate income growth and slight shifts in racial demographics over the past decade, which may have influenced the timing and scale of the LIHTC development. Ongoing assessment of affordable housing needs will be crucial to ensure adequate housing options for all residents as the community continues to evolve.
