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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 64126 in Kansas City, Missouri, contains 167 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. All of these units are designated as low-income. Based on the 2022 population of 5,480 and an estimated 2,100 housing units, LIHTC funded affordable housing represents approximately 8% of the zip code's estimated housing inventory.
The zip code experienced LIHTC funded affordable housing development from 1989 to 2004, a 15-year period of investment. The earliest project, 1201 Bennington Ave, was completed in 1989, while the most recent development, Blue Valley Townhomes, was finished in 2004. Blue Valley Townhomes, completed in the 2000s, is the largest project, accounting for 165 of the 167 total units in the zip code.
The LIHTC funded affordable housing inventory in this zip code primarily consists of two-bedroom and three-bedroom units. There are 109 two-bedroom units and 58 three-bedroom units, indicating a focus on accommodating families or households requiring more space.
Demographic shifts have occurred in zip code 64126 over the past decade. The population has generally decreased, from 6,615 in 2017 to 5,480 in 2022. Despite this population decline, the median income has increased overall, rising from $23,323 in 2017 to $30,704 in 2022.
Racial demographics have also changed. The Hispanic population has grown from 56% in 2017 to 62% in 2022, becoming the predominant ethnic group. The Black population has decreased from 19% to 9% during the same period. The White population has remained relatively stable, fluctuating between 19% and 28% over the past few years.
No new LIHTC projects have been recorded in the last decade in zip code 64126. This could be due to various factors, including changes in local housing policies, shifts in funding priorities, or potentially reduced need for additional affordable housing units in the area.
Zip code 64126 in Kansas City, Missouri, has a significant LIHTC funded affordable housing presence, with 167 units representing about 8% of the estimated housing inventory. The area saw affordable housing development from 1989 to 2004, with the largest project, Blue Valley Townhomes, completed in 2004. The housing stock is primarily composed of two and three-bedroom units, potentially catering to families. While the population has decreased slightly in recent years, median income has increased, and the Hispanic population has grown to become the majority. These demographic shifts may influence future affordable housing needs and development in the area.