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Affordable Housing in Bridgeport, Nebraska: A Study of LIHTC-Funded Inventory
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Bridgeport, Nebraska, maintains a small Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has 22 total affordable units, all of which are designated as low-income units. Based on the 2022 population of 2,300 and an estimated 881 housing units, the LIHTC funded affordable housing comprises approximately 2.5% of the city's estimated housing inventory.
Bridgeport has received $81,103 in project tax credits through the LIHTC program. With two projects, this averages to $40,551.50 per project. The average federal funding per unit is $3,686.50. Bridgeport holds 0.07% of the total state LIHTC funding, indicating a relatively small share of Nebraska's affordable housing resources.
The first LIHTC project in Bridgeport, Meadow View Apts, was completed in 1993, while the most recent project, Courthouse Villa, was finished in 2006. This 13-year span demonstrates a sustained, albeit limited, commitment to affordable housing in the city. The 1990s and 2000s each saw one affordable housing project completed, showing a consistent but slow pace of development.
Of the 22 total units in LIHTC funded projects, 6 are specifically identified as two-bedroom units in the Courthouse Villa project. The breakdown of other unit types is not available for all projects.
Over the past decade, Bridgeport's population has been declining, from 2,840 in 2019 to 2,300 in 2022. The median income has fluctuated, with a slight overall decrease from $49,037 in 2019 to $47,910 in 2022. The racial composition has remained relatively stable, with a predominantly white population (87% in 2022) and a decreasing Hispanic population (from 16% in 2019 to 12% in 2022).
The lack of new LIHTC projects in the last decade may be related to the declining population and relatively stable median income, suggesting a potentially reduced demand for new affordable housing units.
Bridgeport's LIHTC funded affordable housing inventory, while small, provides 22 low-income units across two projects. These units represent about 2.5% of the estimated housing inventory. The city has received a modest amount of LIHTC funding, accounting for 0.07% of Nebraska's total allocation. The affordable housing developments span from 1993 to 2006, indicating a period of steady but limited growth in this sector. The demographic trends of the past decade, including population decline and stable median income, may explain the absence of new LIHTC projects in recent years. This analysis provides a snapshot of Bridgeport's affordable housing landscape and its relationship to the city's changing demographics.
