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Grandview Heights' Affordable Housing: A Study of LIHTC Impact in a Changing Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Grandview Heights, a neighborhood in Wichita, Kansas, has a population of 1,443 as of 2022. The neighborhood contains one Low-Income Housing Tax Credit (LIHTC) funded project, which provides 22 affordable housing units. All of these units are designated as low-income. Based on an estimated housing inventory of approximately 553 units, the LIHTC-funded affordable housing comprises about 4% of the neighborhood's housing stock.
The LIHTC project in Grandview Heights received $214,256 in tax credits, equating to an average federal funding of $9,739 per unit. The sole LIHTC project in the neighborhood is Funston Independent Senior Living, completed in 2018. This project has been offering affordable housing options for the community for approximately five years.
Funston Independent Senior Living provides a mix of unit types, consisting of 19 one-bedroom units and 3 two-bedroom units. This distribution indicates a focus on accommodating smaller households, potentially catering to the senior population as suggested by the project's name.
Over the past decade, Grandview Heights has experienced demographic shifts. The population has remained relatively stable, increasing slightly from 1,386 in 2010 to 1,443 in 2022. The median income has fluctuated, with the most recent data showing $36,825 in 2022, a slight decrease from previous years.
Racial distribution trends show changes. The white population has decreased from 72% in 2013 to 58% in 2022, while the Hispanic population has increased from 7% to 23% during the same period. The Black population has remained relatively stable, ranging between 7% and 18% over the years.
The introduction of the LIHTC project in 2018 coincides with a period of increasing diversity in the neighborhood. This may reflect an effort to provide affordable housing options for a changing demographic landscape.
Grandview Heights has a single LIHTC-funded affordable housing project, Funston Independent Senior Living, completed in 2018. This project provides 22 low-income units, primarily one-bedroom apartments, suggesting a focus on senior or small household accommodation. While the LIHTC-funded units represent a small portion of the estimated housing inventory, they contribute to the neighborhood's affordable housing options. The demographic trends over the past decade show increasing diversity and some income fluctuations, which may have influenced the decision to develop affordable housing in the area. The LIHTC project in Grandview Heights represents a recent addition to the neighborhood's housing stock, potentially addressing evolving community needs.
