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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 64012 in Belton, Missouri, contains 249 total units in Low-Income Housing Tax Credit (LIHTC) funded projects, with 233 designated as low-income units. Based on the 2022 population of 28,318 and using the national average household size, there are approximately 10,850 housing units in this zip code. The LIHTC-funded affordable housing comprises about 2.3% of the estimated housing inventory.
The LIHTC projects in zip code 64012 have received $1,213,589 in tax credits, averaging about $4,874 in federal funding per unit. This zip code holds 0.35% of the total state LIHTC funding, indicating a modest but significant contribution to Missouri's affordable housing efforts.
Affordable housing has been present in zip code 64012 since 1987, with the first project at 100 E Sunrise Dr. The most recent dated project, Briar Creek Villas, LP, was completed in 2016, demonstrating nearly three decades of affordable housing development. The 1980s and 1990s saw the most affordable housing projects completed, with four projects built during this period.
The LIHTC-funded housing in zip code 64012 offers a mix of unit types, including 36 one-bedroom, 124 two-bedroom, and 89 three-bedroom units, catering to various household sizes. Briar Creek Villas, LP, completed in 2016, targets individuals with disabilities, addressing the specific needs of this population.
Over the past decade, zip code 64012 has seen a gradual increase in population, growing from 27,021 in 2012 to 28,318 in 2022. The median income has also risen, from $63,379 in 2013 to $72,030 in 2022, suggesting an overall improvement in economic conditions.
Racial demographics in zip code 64012 have remained relatively stable, with a slight decrease in the white population from 83% in 2013 to 80% in 2022, and small increases in Black and multi-racial populations. The Hispanic population has remained steady at around 7-8%.
The most recent LIHTC project in 2016 coincides with a period of steady population growth and increasing median income in zip code 64012, possibly reflecting a continued need for affordable housing despite improving economic indicators.
Zip code 64012 has a modest but significant LIHTC-funded affordable housing presence, covering about 2.3% of the estimated housing inventory. The area has seen consistent development of affordable housing over nearly three decades, with a mix of unit types catering to various household sizes. Recent projects have focused on specific populations like individuals with disabilities. While the zip code has experienced population growth and increasing median incomes over the past decade, the continued development of LIHTC projects suggests an ongoing need for affordable housing options in the area.