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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Kansas City, Kansas, has a significant inventory of affordable housing funded through the Low-Income Housing Tax Credit (LIHTC) program. The city has 1,538 total units in LIHTC-funded projects, with 1,260 designated as low-income units. Based on an estimated housing inventory of 58,452 units, LIHTC-funded affordable housing comprises approximately 2.63% of the city's housing stock.
Kansas City has received $10,940,822 in project tax credits for affordable housing through the LIHTC program. With approximately 34 projects, this translates to an average federal funding of $321,789 per project and $7,114 per unit. Kansas City holds 7.65% of the total state funding for LIHTC projects in Kansas.
The city's involvement with LIHTC-funded affordable housing began in 1992 with the Highland Park Townhouses project and continues to the present day, with the most recent project, 7th Day Senior Housing, completed in 2020. This span of nearly three decades demonstrates a sustained commitment to affordable housing in the city.
The 2000s saw the most significant activity in affordable housing development, with multiple projects completed during this decade. Notable projects from this period include Mt Carmel Senior Housing and Washington Heights Seniors (both completed in 2001), and the Historic City Hall Lofts (completed in 2005).
The LIHTC-funded housing stock in Kansas City includes a diverse range of unit types. The inventory includes 116 one-bedroom units, 501 two-bedroom units, 453 three-bedroom units, and 29 four-bedroom units, catering to various household sizes and needs.
Over the past decade, Kansas City has experienced modest population growth, increasing from 147,798 in 2010 to 152,561 in 2022. The median income has also shown a positive trend, rising from $37,789 in 2013 to $58,233 in 2022. This economic improvement may have influenced the need for and development of affordable housing.
The racial demographics of the city have remained relatively stable, with some notable shifts. The Hispanic population has increased from 28% in 2013 to 33% in 2022, while the white population has decreased from 40% to 35% during the same period. The Black population has also seen a slight decrease from 26% to 20%. These demographic changes may have implications for the types of affordable housing needed and the communities served by LIHTC projects.
Kansas City's LIHTC-funded affordable housing inventory represents a small but significant portion of the city's housing stock. With a diverse range of unit types and projects spanning nearly three decades, the city has demonstrated a consistent effort to address affordable housing needs. The allocation of 7.65% of the state's LIHTC funding underscores the city's importance in Kansas's affordable housing landscape. As the city continues to grow and evolve demographically, ongoing assessment and development of affordable housing will be crucial to meet the changing needs of its residents.