Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The McKinley School - Columbus Park neighborhood in Des Moines, Iowa, features a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory comprises 80 total units, with 8 units specifically designated as low-income. This represents approximately 10% of the estimated 800 housing units in the neighborhood.
The LIHTC program has made a substantial investment in this area, allocating $1,126,755 in project tax credits. This equates to an average federal funding of $14,084 per unit across all LIHTC-funded projects. The neighborhood experienced LIHTC-funded affordable housing development from 2009 to 2011, indicating a concentrated effort to increase affordable housing options during this period.
Two notable projects in the neighborhood are the Southview Senior Apartments, completed in 2009, and South View Senior Apartments II, completed in 2011. These projects mark the beginning and end of the LIHTC-funded development in the area within this timeframe. The 2010s were the most active decade for affordable housing completion in this neighborhood.
The LIHTC-funded housing inventory in McKinley School - Columbus Park primarily consists of one-bedroom units, with 72 such units available. There are also 8 two-bedroom units, providing options for slightly larger households. This unit distribution suggests a focus on housing for individuals or small families.
Over the past decade, the neighborhood has experienced significant population growth, increasing from 1,646 residents in 2010 to 2,089 in 2022, representing a 26.9% increase. This growth may indicate a rising demand for housing in the area, including affordable options.
Median income in the neighborhood has fluctuated, rising from $31,403 in 2013 to $40,320 in 2022. This overall increase in median income might suggest a changing economic landscape in the neighborhood.
Racial demographics have also shifted. The white population has decreased from 72% in 2013 to 62% in 2022, while the Asian population has increased from 0% to 9% during the same period. The Hispanic population has remained relatively stable, decreasing slightly from 22% to 16%. These changes in racial composition reflect an increasingly diverse neighborhood.
The McKinley School - Columbus Park neighborhood has a notable LIHTC-funded affordable housing presence, with 80 units contributing to the area's housing diversity. The concentration of one-bedroom units suggests a focus on housing for smaller households or individuals. The neighborhood has experienced significant population growth and demographic changes over the past decade, potentially influencing the demand for affordable housing. While the LIHTC projects were completed in the early 2010s, the ongoing population growth and income fluctuations indicate a continued need for affordable housing options in this evolving neighborhood.