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Kirksville, Missouri: LIHTC-Funded Affordable Housing in a University Town
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Kirksville, Missouri, maintains a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 220 total units, with 168 designated as low-income units. This inventory represents approximately 2.72% of the city's estimated 8,084 housing units. The city has received $587,000 in project tax credits through the LIHTC program, distributed across approximately 9 projects. This allocation results in an average of $65,222 in federal funding per project and $2,668 per unit. Kirksville's share of the total state LIHTC funding is 0.17%, indicating a relatively small portion of Missouri's overall affordable housing investment.
Kirksville's affordable housing initiatives span from 1994 to 2018, demonstrating a sustained commitment to affordable housing development. The earliest known project, Kirksville Estates, was completed in 1994, while the most recent, Baltimore Meadows, was finished in 2018. The 1990s were particularly active for affordable housing construction, with three projects completed during this decade: Kirksville Estates, Sheraton Square (both in 1994), and Kirksville Village (1997).
The LIHTC funded housing in Kirksville primarily consists of one-bedroom (56 units) and two-bedroom (110 units) apartments, with a small number of three-bedroom units (3). This distribution suggests a focus on accommodating smaller households and families. The Baltimore Meadows project, completed in 2018, specifically targets the handicapped population, indicating an effort to address the housing needs of individuals with disabilities.
Kirksville's population has remained relatively stable over the past decade, fluctuating between 21,100 and 21,500 residents. The median income has shown a general upward trend, increasing from $31,307 in 2013 to $39,854 in 2022. This rise in median income may indicate a changing economic landscape in the city. Racial demographics have experienced slight shifts, with the white population decreasing from 92% in 2013 to 87% in 2022. Small increases in the Asian, Black, and multiracial populations have occurred during this period. These demographic changes could influence future affordable housing needs and priorities.
Kirksville's LIHTC funded affordable housing inventory represents a long-term commitment to providing low-income housing options. The city's projects span nearly three decades, with a mix of unit types primarily serving smaller households. Recent developments, such as Baltimore Meadows, demonstrate a focus on addressing specific population needs. While the LIHTC funded units comprise a small percentage of the overall housing stock, they play a crucial role in Kirksville's affordable housing landscape. The city's changing demographics and rising median income suggest an evolving context for affordable housing needs, which may influence future LIHTC investments and project priorities.
