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Affordable Housing in Angier, NC: Two Decades of LIHTC Implementation
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Angier, a town in North Carolina, has a population of 14,049 as of 2022. The town's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 80 total units, all of which are designated as low-income units. Based on the estimated housing inventory of 5,383 units, the LIHTC funded affordable housing represents approximately 1.49% of the town's housing stock.
Angier has received $498,450 in project tax credits through the LIHTC program. With two approximate projects, this averages to $249,225 per project. The average federal funding per unit is $6,231. Angier holds 0.11% of the total state LIHTC funding for North Carolina.
The first LIHTC project in Angier, Black River Village Apts Phase II, was completed in 1991, while the most recent project, The Cottages At Twin Oaks, was finished in 2015. This indicates a 24-year span of affordable housing development in the town. The 2010s saw the most recent affordable housing completion with The Cottages At Twin Oaks.
The LIHTC funded housing in Angier consists of 28 one-bedroom units, 20 two-bedroom units, and 32 three-bedroom units. There are no efficiencies or four-bedroom units reported.
Over the past decade, Angier's population has grown from 12,054 in 2013 to 14,049 in 2022, an increase of about 16.5%. The median income has also risen from $55,222 in 2013 to $59,325 in 2022, showing a moderate increase in economic prosperity.
Racial demographics have shifted slightly, with the white population decreasing from 76% in 2013 to 63% in 2022. The Hispanic population has grown from 10% to 20% during this period, indicating increasing diversity. The Black population has remained relatively stable, ranging from 11-14% over the decade.
Despite these demographic changes and population growth, no new LIHTC projects have been reported since 2015. This could suggest that other housing options or affordable housing programs may be addressing the town's needs, or that there might be a potential gap in affordable housing development in recent years.
Angier's LIHTC funded affordable housing covers a small portion of the town's estimated housing stock at 1.49%. The town has seen two LIHTC projects over a 24-year period, with the most recent completed in 2015. The housing mix favors one and three-bedroom units, potentially catering to diverse household sizes. While the town has experienced population growth and increased diversity over the past decade, there have been no new LIHTC developments reported since 2015. This analysis provides a snapshot of Angier's LIHTC-funded affordable housing landscape and its relation to the town's changing demographics.
