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Key Coalition: LIHTC Affordable Housing and Demographic Shifts in Kansas City
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Key Coalition, a neighborhood in Kansas City, Missouri, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 121 total units in LIHTC-funded projects, with 57 designated as low-income units. Based on the 2022 population of 1,187 and using the national average household size, approximately 455 housing units are estimated in the neighborhood. LIHTC-funded affordable housing comprises about 26.6% of the estimated housing inventory.
The LIHTC program has invested $939,799 in tax credits for affordable housing projects in Key Coalition. This equates to an average federal funding of approximately $7,767 per unit across all LIHTC-funded projects in the neighborhood. Affordable housing has been present in Key Coalition for over three decades, with the first LIHTC project completed in 1988 at 3233 Park Ave. The most recent addition is the Morningstar Senior Apartments, completed in 2018, which targets the handicapped population.
The 1980s and early 1990s experienced the most affordable housing development activity in Key Coalition, with six projects completed during this period. These developments are located on Park Avenue, Euclid Avenue, Brooklyn Avenue, Garfield Avenue, and include the Linwood Blvd Apartments. The LIHTC-funded housing inventory in Key Coalition is diverse, comprising 22 one-bedroom units, 76 two-bedroom units, 22 three-bedroom units, and 1 four-bedroom unit. This distribution indicates a focus on accommodating small to medium-sized families.
Over the past decade, Key Coalition's population has fluctuated, showing a slight overall decline from 1,713 in 2010 to 1,187 in 2022. However, the median income has increased significantly, rising from $15,885 in 2013 to $26,381 in 2022. This upward trend in income may partially explain the lack of new LIHTC projects since 2018.
The neighborhood's racial composition has remained predominantly Black, though there has been a decrease from 88% in 2013 to 70% in 2022. Concurrently, there has been an increase in the Hispanic population, growing from 0% in 2013 to 15% in 2022. The White population has also seen a modest increase from 1% to 10% over the same period.
Key Coalition demonstrates a substantial presence of LIHTC-funded affordable housing, covering over a quarter of the estimated housing inventory. The neighborhood experienced significant affordable housing development in the late 1980s and early 1990s, with projects catering to various household sizes. The most recent project, completed in 2018, focuses on serving the handicapped population. While the population has slightly declined over the past decade, median income has increased significantly. These demographic shifts, along with changes in racial composition, may influence future affordable housing needs and development in the area.
