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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 66025, located in Eudora, Kansas, contains 72 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units, all designated as low-income, represent approximately 2.19% of the estimated 3,293 housing units in the area, based on the 2022 population of 8,596. The LIHTC inventory plays a role in addressing the community's housing needs.
The LIHTC projects in zip code 66025 have received $208,851 in project tax credits, averaging $2,901 per unit. This funding represents 0.15% of the total state LIHTC funding, indicating a small but notable contribution to Kansas's affordable housing efforts. Affordable housing has been present in this zip code since 1991, with the completion of Pinecrest Village II. The most recent project, Pinecrest Village III, was completed in 2002.
The LIHTC inventory in this zip code consists of 64 one-bedroom units and 8 two-bedroom units. This distribution suggests a focus on housing for smaller households or individuals. The 1990s and early 2000s saw the most affordable housing activity in this zip code.
Over the last decade, zip code 66025 has experienced slight fluctuations in population, peaking at 8,720 residents in 2018 and declining to 8,596 by 2022. Median income has shown an overall upward trend, rising from $68,198 in 2013 to $76,488 in 2022, with some year-to-year variations. The racial composition has remained predominantly white, though there has been a slight increase in diversity. The Hispanic population has grown from 2% in 2013 to 6% in 2022, while the percentage of residents identifying as two or more races increased from less than 1% to 3% during the same period.
Despite these demographic shifts, no new LIHTC projects have been completed in zip code 66025 in the last decade. This could be due to various factors, including the relatively stable population and increasing median income, which might indicate a reduced need for additional low-income housing in recent years.
In summary, zip code 66025 in Eudora, Kansas, has a modest LIHTC funded affordable housing inventory, covering about 2.19% of the estimated housing units. The area received $208,851 in LIHTC funding, averaging $2,901 per unit. The LIHTC projects, completed between 1991 and 2002, primarily offer one-bedroom units, suggesting a focus on smaller households. While the population has remained relatively stable over the past decade, the area has seen an increase in median income and slight growth in racial diversity. These demographic trends, coupled with the absence of new LIHTC projects in recent years, may reflect changing housing needs in the community.