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Affordable Housing in Sedalia: LIHTC's Impact on the Queen City of the Prairie
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Sedalia, Missouri, the host city of the Missouri State Fair, has a notable Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city's LIHTC program has produced 285 total units, with 279 designated as low-income units. This accounts for approximately 2.3% of Sedalia's estimated 12,329 housing units.
Sedalia has received $1,519,000 in project tax credits through the LIHTC program. With approximately 8 projects, this averages $189,875 in federal funding per project, or about $5,330 per unit. Sedalia holds 0.43% of Missouri's total LIHTC funding.
The city's involvement with LIHTC-funded affordable housing began in 1989 with the Fourth & Ohio project and continued through at least 2016 with the completion of Deer Brook Villas Phase II. This nearly three-decade span demonstrates Sedalia's long-term commitment to affordable housing. The 2000s saw the most LIHTC project completions, including Saddlewood Apts (2005), Lincoln-Hubbard Apts (2009), and Commerce Building Lofts (2011).
The LIHTC-funded housing stock in Sedalia comprises 36 one-bedroom units, 156 two-bedroom units, and 16 three-bedroom units. This distribution suggests a focus on accommodating small to medium-sized families. One project, Deer Brook Villas Phase II, specifically targets the handicapped population, indicating efforts to address the housing needs of individuals with disabilities.
Over the past decade, Sedalia's population has grown from 31,275 in 2013 to 32,179 in 2022. During this period, the median income increased from $42,768 to $51,451, indicating gradual economic improvement. The racial composition has remained relatively stable, with a slight decrease in the white population (from 86% to 81%) and small increases in Hispanic (from 7% to 10%) and multiracial (from 2% to 4%) populations.
The most recent LIHTC project completion in 2016 aligns with this period of population growth and income increase, suggesting a continued need for affordable housing despite improving economic conditions.
Sedalia's LIHTC-funded affordable housing inventory represents a small but significant portion of the city's housing stock. The program has provided consistent support for affordable housing over nearly three decades, with a concentration of activity in the 2000s. The mix of unit types and the inclusion of targeted housing for the handicapped population demonstrate efforts to meet diverse housing needs. While the city has experienced modest population growth and income increases over the past decade, the continued development of LIHTC projects suggests an ongoing commitment to maintaining affordable housing options for Sedalia's residents.
