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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Nashboro Village, a neighborhood in Nashville-Davidson metropolitan government, Tennessee, contains 73 Low-Income Housing Tax Credit (LIHTC) funded affordable units. These units represent approximately 4% of the estimated 1,810 housing units in the neighborhood, based on the 2022 population of 4,725 and the national average household size of 2.61. All LIHTC-funded units in Nashboro Village are designated as low-income units.
The LIHTC program has invested $962,394 in tax credits for affordable housing in Nashboro Village, averaging $13,183 per unit. The neighborhood's LIHTC-funded affordable housing inventory consists of one project, the Townhomes of Nashboro Village, completed in 2013. This project marks the inception of LIHTC-funded affordable housing in the area.
The Townhomes of Nashboro Village project offers a mix of unit types, including 5 one-bedroom units and 68 two-bedroom units. This distribution indicates a focus on accommodating small families or individuals in the affordable housing inventory.
Since the completion of the LIHTC project in 2013, Nashboro Village has experienced demographic changes. The population has shown an overall increasing trend, growing from 4,231 in 2013 to 4,725 in 2022. Median income has also risen from $56,404 in 2013 to $65,610 in 2022, suggesting a potential improvement in economic conditions for residents.
Racial demographics in Nashboro Village have undergone significant shifts. The Black population percentage increased from 37% in 2013 to 43% in 2022, while the White population decreased from 49% to 36% during the same period. The Hispanic population experienced a slight increase from 8% to 10%. These changes indicate growing diversity in the neighborhood.
Nashboro Village's affordable housing landscape is characterized by a single LIHTC-funded project, the Townhomes of Nashboro Village, which provides 73 low-income units. This project, completed in 2013, represents about 4% of the estimated housing inventory in the neighborhood. The LIHTC investment averages $13,183 per unit, primarily offering one and two-bedroom apartments. Over the past decade, the neighborhood has experienced population growth, increased median income, and shifts in racial demographics, with a notable increase in the Black population and decrease in the White population. These trends provide context for understanding the affordable housing needs and dynamics in Nashboro Village.