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Affordable Housing in Southmoreland: LIHTC Impact on Kansas City 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
Southmoreland, a neighborhood in Kansas City, Missouri, had a population of 3,823 in 2022. The Low-Income Housing Tax Credit (LIHTC) program has funded 82 affordable housing units in this area, all of which are designated as low-income units. These units represent approximately 5.6% of the neighborhood's estimated housing inventory of 1,465 units.
The LIHTC program has supported five affordable housing projects in Southmoreland. The initial projects, "4145-47 Locust" and "4021-25 Walnut," were completed in 1988, while the most recent project, "Edgemere Apts," was finished in 1996. This indicates that affordable housing has been present in the neighborhood for at least 34 years.
The 1990s saw the most LIHTC activity, with three projects completed during this decade: "3914 Warwick Blvd" and "4105 Warwick Blvd" in 1990, and "Edgemere Apts" in 1996. The LIHTC-funded housing in Southmoreland consists of 23 efficiencies, 48 one-bedroom units, and 11 two-bedroom units. This distribution suggests a focus on smaller households or individuals.
Over the past decade, Southmoreland's population has fluctuated, peaking at 4,371 in 2018 before declining to 3,823 in 2022. The median income has shown an overall upward trend, rising from $44,563 in 2013 to $51,826 in 2022, with some fluctuations.
The racial composition of the neighborhood has remained relatively stable, with the white population consistently representing the majority (68-75%) over the past decade. There has been a slight increase in diversity, with small growths in the Asian and multi-racial populations.
No new LIHTC projects have been completed in Southmoreland since 1996. This could be due to various factors, including changes in neighborhood demographics, shifts in housing policies, or the availability of other affordable housing programs.
Southmoreland's LIHTC-funded affordable housing inventory provides 82 low-income units across five projects. These units, primarily consisting of efficiencies and one-bedroom apartments, represent about 5.6% of the estimated housing stock. The neighborhood has experienced moderate income growth and slight increases in diversity over the past decade, which may influence future affordable housing needs and development strategies.
