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Affordable Housing in Raytown, Missouri: A Quarter-Century of LIHTC Program Implementation
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Raytown, Missouri, a city of 9.97 square miles, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has 174 affordable units, all designated as low-income units, addressing the housing needs of lower-income residents through this federal program. Based on the 2022 population of 36,551 and an estimated 14,004 housing units, LIHTC-funded affordable housing comprises approximately 1.24% of the city's estimated housing inventory.
Raytown has received $1,922,000 in project tax credits through the LIHTC program. With approximately 9 projects, this translates to an average federal funding of about $213,556 per project, or roughly $11,046 per unit. Raytown holds 0.55% of the total state LIHTC funding, indicating its relative participation in the program compared to other Missouri cities.
The city's involvement in LIHTC-funded affordable housing spans over two decades, from 1989 to 2014. This 25-year period demonstrates a long-term commitment to affordable housing development. The 1980s saw the most activity, with three projects completed in 1989 alone: 8704 Ln Ave, 8911 E 87th St, and 8915 E 87th St. The most recent project, Willow Bend Villas, was completed in 2014.
Raytown's LIHTC-funded housing stock primarily consists of one- and two-bedroom units. Out of the 174 total units, there are 59 one-bedroom, 79 two-bedroom, and 18 three-bedroom units. This distribution suggests a focus on accommodating smaller households and families.
Over the past decade, Raytown's population has remained relatively stable, with a slight decrease from 36,866 in 2010 to 36,551 in 2022. The median income has shown a general upward trend, increasing from $52,844 in 2013 to $56,614 in 2022, with some fluctuations in between.
Significant changes have occurred in the racial composition of Raytown. The percentage of Black residents has increased from 30% in 2013 to 42% in 2022, while the percentage of White residents has decreased from 61% to 45% during the same period. The Hispanic population has remained relatively stable at around 6-7%.
The most recent LIHTC project in Raytown was completed in 2014, coinciding with the period when these demographic shifts were beginning to become more pronounced. The lack of new LIHTC projects since then may be due to various factors, including changes in local housing needs, funding priorities, or development patterns.
Raytown's LIHTC-funded affordable housing inventory represents a small but significant portion of its estimated housing stock. The city has participated in the program for over two decades, with projects ranging from the late 1980s to 2014. The housing stock is diverse, primarily offering one- and two-bedroom units. While the population has remained relatively stable, Raytown has experienced notable shifts in its racial demographics and a gradual increase in median income over the past decade. These changes may influence future affordable housing needs and development in the city.
