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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Volker neighborhood in Kansas City, Missouri, contains a significant inventory of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This urban area has 184 total units in LIHTC-funded projects, with 178 designated as low-income units. Based on the 2022 population of 4,015 and an estimated 1,538 housing units, the LIHTC-funded affordable housing comprises approximately 12% of the neighborhood's estimated housing inventory.
Affordable housing has been present in Volker for over three decades. The earliest LIHTC project, "1111 W 39Th St," was completed in 1990. The most recent addition, "Roanoke Ridge Apts I & II," was finished in 2000, indicating a concentrated period of affordable housing development in the 1990s.
The neighborhood's LIHTC inventory includes a variety of unit sizes: 24 one-bedroom, 51 two-bedroom, and 4 three-bedroom units. This range of housing options accommodates various household sizes and needs within the low-income community.
Over the past decade, Volker has experienced changes in its population and demographic composition. The population increased from 3,411 in 2014 to 4,015 in 2022, suggesting growing housing demand. Median income rose from $52,043 in 2014 to $63,351 in 2022, which may influence affordable housing needs.
Racial demographics have remained relatively stable, with a slight increase in diversity. The white population decreased from 78% in 2014 to 82% in 2022, while there were small increases in Asian, Black, and multiracial populations. The Hispanic population decreased from 10% to 5% during this period.
Despite these demographic shifts, no new LIHTC projects have been recorded in the last decade. This could be attributed to the existing affordable housing stock meeting current needs or other factors affecting housing development in the area.
The Volker neighborhood has a significant LIHTC-funded affordable housing presence, with 184 total units representing about 12% of the estimated housing inventory. The development of these projects in the 1990s has provided a stable base of affordable housing options. While demographic changes have occurred over the past decade, including population growth and increased median income, the LIHTC housing stock has remained constant. This analysis provides insights into the affordable housing landscape in Volker, though other affordable housing programs may also contribute to meeting the community's needs.