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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Valentine neighborhood in Kansas City, Missouri, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 69 affordable units, all designated as low-income. Based on the 2022 population of 1,481 and an estimated 567 housing units, LIHTC funded affordable housing comprises approximately 12.2% of the neighborhood's estimated housing inventory.
The LIHTC program has invested $903,364 in tax credits for affordable housing projects in Valentine, averaging about $13,091 per unit in federal funding. The neighborhood has had LIHTC funded affordable housing since at least 2009, with the completion of Valentine Apts. The most recent project, Chatham Apts, was completed in 2011, indicating a brief but impactful period of affordable housing development.
The 2000s saw the most affordable housing projects completed in Valentine. The inventory includes 2 efficiencies, 46 one-bedroom units, and 17 two-bedroom units, suggesting a focus on smaller households or individuals.
Valentine's population has remained relatively stable over the past decade, fluctuating between approximately 1,100 and 1,500 residents. The median income has varied, ranging from around $34,000 to $48,000. Racially, the neighborhood has maintained a majority white population, typically around 70%, with a notable Black population that has fluctuated between 7% and 22% in recent years. The Hispanic population has decreased from about 14% in 2013 to 5% in 2022, while the percentage of residents identifying as two or more races has increased from 1% in 2013 to 16% in 2022.
The completion of LIHTC projects in 2009 and 2011 coincides with a period when the neighborhood's demographics were less diverse than they are currently. The stable population and fluctuating income levels indicate an ongoing need for affordable housing options in the area.
Valentine's LIHTC funded affordable housing inventory represents a significant portion of the neighborhood's estimated housing stock. The projects, completed in the late 2000s and early 2010s, have provided a mix of unit types, with a focus on one-bedroom apartments. While the neighborhood's demographics have shifted over the past decade, particularly in terms of racial composition, the presence of these affordable units likely continues to play an important role in maintaining housing accessibility for lower-income residents in an area where median incomes have fluctuated considerably.