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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Batesville, Mississippi, with a population of 14,241 as of 2022, has 174 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, of which 173 are designated as low-income. This represents approximately 3.2% of the city's estimated 5,456 housing units. The city has received $2,025,297 in LIHTC funding, averaging $506,324 per project and $11,640 per unit. Batesville's allocation constitutes 0.74% of Mississippi's total LIHTC funding.
Batesville's affordable housing development spans from 1991 to 2015, with Timber Ridge Apts as the first project and Meadowview Apartments as the most recent. The 2010s saw the most activity, with projects like Skyview Apts (2014) and Meadowview Apartments (2015) completed. The housing unit distribution includes 28 one-bedroom, 58 two-bedroom, 64 three-bedroom, and 24 four-bedroom units, catering to various household sizes. Stewart Manor, completed in 1999, specifically targets single-parent families.
Batesville's population has declined from 16,321 in 2010 to 14,241 in 2022. Despite this decrease, the median income has risen from $40,068 in 2013 to $49,191 in 2022, indicating a changing economic landscape. Racial demographics have remained relatively stable, with a slight increase in diversity. The Black population has grown from 47% in 2013 to 49% in 2022, while the White population has decreased from 52% to 47%. The city has also seen small increases in Asian and Hispanic populations, as well as those identifying as two or more races.
Batesville's LIHTC funded affordable housing represents a small but significant portion of the city's housing stock. The city has maintained a consistent approach to affordable housing development over more than two decades, focusing on diverse unit types and specific populations such as single-parent families. Despite a decreasing population, rising median incomes and subtle shifts in racial demographics suggest evolving housing needs. The LIHTC program continues to play a crucial role in providing affordable housing options for Batesville's residents, contributing to the city's housing diversity and accessibility.