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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
South Blue Valley, a neighborhood in Kansas City, Missouri, has a distinctive affordable housing landscape. The Low-Income Housing Tax Credit (LIHTC) program has funded 4 affordable housing units in this area, all of which are designated as low-income units. Based on the 2022 population of 1,461 and using the national average household size, there are approximately 560 housing units in the neighborhood. The LIHTC-funded affordable housing covers about 0.71% of the estimated housing inventory in South Blue Valley.
The LIHTC-funded affordable housing in South Blue Valley has been developed over several years. The first project was completed in 1989 at 5609 E 23Rd St, while the most recent project was finished in 1991 at 2351 Lawndale Ave. This indicates that affordable housing has been present in the neighborhood for over three decades.
The 1990s saw the most LIHTC project completions in South Blue Valley, with three out of four projects being completed during this decade. These include the projects at 2223 Hardesty Ave and 2347 Lawndale Ave, both completed in 1990. The affordable housing units in the neighborhood consist of one one-bedroom unit, two two-bedroom units, and one three-bedroom unit. This mix of unit sizes can accommodate various household compositions, from individuals to small families.
Over the past decade, South Blue Valley has experienced demographic shifts. The population has decreased from 1,940 in 2015 to 1,461 in 2022, a decline of about 24.7%. Despite this population decrease, the median income has increased from $21,626 in 2015 to $28,008 in 2022, representing a 29.5% increase.
The racial composition of the neighborhood has also changed. The Hispanic population has grown from 26% in 2015 to 37% in 2022, while the Black population has decreased from 41% to 30% during the same period. The White population has also seen a decline from 29% to 19%. These demographic changes, particularly the increase in median income and the shift in racial composition, may have influenced the need for affordable housing in the area. However, no new LIHTC projects have been completed in the neighborhood since 1991, which could suggest that other affordable housing programs or initiatives may be addressing the community's needs.
South Blue Valley's LIHTC-funded affordable housing inventory, while small, has been a part of the neighborhood for over 30 years. The four low-income units provide a mix of housing options for different household sizes. Despite recent demographic changes, including a decreasing population and increasing median income, the existing LIHTC units continue to contribute to the neighborhood's affordable housing stock. The changing racial composition and income levels in the area may influence future affordable housing needs and developments.