Loading Content...
Edwardsville's LIHTC-Funded Affordable Housing: A Two-Decade Perspective
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Edwardsville, Kansas, a city with a population of 4,744 as of 2022, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory consisting of 48 total units. All of these units are designated as low-income units. Based on the estimated housing inventory of 1,818 units, the LIHTC funded affordable housing accounts for approximately 2.64% of the city's housing stock.
Edwardsville has received $146,854 in project tax credits from the LIHTC program. With one project, this translates to an average federal funding of $146,854 per project and $3,059 per unit. The city holds 0.1% of the total state funding for LIHTC projects.
The sole LIHTC project in Edwardsville is Sun River Apartments, completed in 2001. This project marks the inception of LIHTC-funded affordable housing in the city and has been in existence for over two decades. The Sun River Apartments project consists of 48 units, including 3 one-bedroom units, 35 two-bedroom units, and 1 three-bedroom unit. This distribution indicates a focus on accommodating small to medium-sized families.
Over the past decade, Edwardsville's population has increased from 4,349 in 2013 to 4,744 in 2022, representing a growth of approximately 9%. The median income has also risen from $65,417 in 2013 to $70,854 in 2022, indicating an overall improvement in economic conditions.
The racial demographics of the city have become more diverse. The white population has decreased from 88% in 2013 to 67% in 2022, while the Hispanic population has increased from 5% to 17%. The proportion of residents identifying as two or more races has also grown significantly from 2% to 11%.
Despite these demographic changes and population growth, no new LIHTC projects have been developed in the last decade. This could be attributed to various factors, including the relatively high median income, which may reduce the perceived need for additional affordable housing units.
Edwardsville's LIHTC-funded affordable housing inventory consists of a single project, Sun River Apartments, providing 48 low-income units. While this covers only a small percentage of the city's estimated housing stock, it has been a consistent presence since 2001. The city has experienced population growth and increased diversity over the past decade, along with rising median incomes. These demographic shifts and economic changes may influence future affordable housing needs and potential LIHTC project developments in Edwardsville.
