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Affordable Housing Scarcity in Ashland Ridge: A 30-Year Stagnation
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Ashland Ridge, a neighborhood in Kansas City, Missouri, possesses a limited LIHTC-funded affordable housing inventory. The area contains 4 total affordable housing units, all categorized as low-income units. Based on the 2022 population of 1,272 and an estimated 487 housing units, the LIHTC-funded affordable housing comprises approximately 0.82% of the neighborhood's estimated housing inventory.
The LIHTC program has funded two projects in Ashland Ridge: Goodneighbor Estates: Lot 16 and Goodneighbor Estates: Lot 17. Both projects were completed in 1993, indicating that affordable housing has been present in the neighborhood for about 30 years. Each project contains 2 units, all of which are four-bedroom units. This suggests a focus on providing affordable housing for larger families in the area.
Over the past decade, Ashland Ridge has experienced fluctuations in its population, with a peak of 1,681 residents in 2018 and a low of 1,272 in 2022. The median income has seen significant changes, dropping from $31,939 in 2019 to $18,796 in 2022. This substantial decrease in median income could indicate a growing need for affordable housing options in the neighborhood.
Racial demographics have remained relatively stable, with the Black population ranging from 30% to 45% and the White population between 33% and 42% over the past decade. The Hispanic population has fluctuated between 15% and 30%. The neighborhood has consistently maintained a diverse racial composition.
Despite the declining median income, no new LIHTC projects have been developed in Ashland Ridge since 1993. This lack of recent affordable housing development, coupled with the decreasing median income, may suggest a potential mismatch between the current affordable housing supply and the neighborhood's evolving needs.
Ashland Ridge's LIHTC-funded affordable housing inventory consists of 4 four-bedroom units across two projects, both completed in 1993. While this represents a small portion (0.82%) of the estimated housing inventory, it is important to note that other affordable housing programs may be present in the area. The neighborhood has experienced demographic shifts, particularly in median income, which has decreased significantly in recent years. This trend, combined with the lack of new LIHTC developments since 1993, may indicate a need for reassessment of affordable housing requirements in Ashland Ridge.
