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Affordable Housing in Arlee, Montana: LIHTC's Limited Impact on a Growing Community
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Arlee, Montana is a small community with a distinct demographic composition. In 2022, the estimated population of Arlee was 2,365. The Low-Income Housing Tax Credit (LIHTC) program has contributed to the provision of affordable housing options for Arlee residents.
The LIHTC-funded affordable housing inventory in Arlee consists of one low-income unit. Given the estimated housing inventory of approximately 906 units, LIHTC-funded affordable housing accounts for about 0.11% of the city's housing stock. This indicates that LIHTC-funded projects make a minimal contribution to the overall affordable housing supply in Arlee.
Arlee has received $49,999 in project tax credits from the LIHTC program for affordable housing. This amount equates to an average federal funding of $49,999 per project and per unit. The city holds 0.03% of the total state LIHTC funding, representing a small portion of Montana's affordable housing resources.
The Arlee Elderly Living Center, completed in 2000, is the only LIHTC-funded project in the city. This project has provided affordable housing options for more than two decades. It consists of one one-bedroom unit, designed to meet the needs of elderly residents in the community.
An analysis of demographic trends over the past decade reveals that Arlee has experienced population growth from 1,920 in 2013 to 2,365 in 2022, an increase of approximately 23%. The median income has also increased from $34,854 in 2013 to $54,005 in 2022, suggesting improved economic conditions for residents.
The racial distribution in Arlee has remained relatively stable, with a slight increase in the white population from 54% in 2013 to 58% in 2022. The Native American population has decreased slightly from 34% to 27% during the same period. The Hispanic population has shown a small increase from 4% to 8%.
In conclusion, while LIHTC-funded affordable housing in Arlee is limited to a single project, it has provided a consistent housing option for elderly residents for over 20 years. The city's population and median income growth, along with minor shifts in racial demographics, may influence future affordable housing needs and potential LIHTC project developments in the area.
