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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Churchville, a neighborhood in Chattanooga, Tennessee, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 40 units in LIHTC funded projects, with 4 designated as low-income units. Based on the 2022 population of 793 and using the national average household size, the estimated housing inventory in Churchville is approximately 304 units. The LIHTC funded affordable housing comprises about 13.2% of the neighborhood's estimated housing inventory, which approximates the target percentage for a well-balanced community.
The LIHTC program has invested $248,220 in tax credits for affordable housing projects in Churchville. This equates to an average federal funding of $6,205.50 per unit. The neighborhood has one LIHTC funded project, Dodson Avenue Apts, which was completed in 2000. This project has been providing affordable housing options in Churchville for over two decades.
Dodson Avenue Apts consists of 40 units, with a mix of two-bedroom and three-bedroom apartments. Specifically, there are 28 two-bedroom units and 12 three-bedroom units. This distribution indicates a focus on accommodating small to medium-sized families in the neighborhood.
Churchville has experienced demographic changes over the past decade. The population peaked in 2016 at 1,288 residents but has since declined to 793 in 2022. Median income in the neighborhood has also decreased from $26,405 in 2017 to $20,358 in 2022.
Regarding racial distribution, Churchville has maintained a predominantly Black population. In 2022, 91% of residents identified as Black, while 7% identified as White, and 2% as Hispanic. This demographic composition has remained relatively stable over the past decade, with only minor fluctuations.
The presence of LIHTC funded housing in Churchville, established in 2000, predates these recent demographic trends. While no new LIHTC projects have been built in the last decade, the existing affordable housing continues to serve the community amidst changing population and income levels.
Churchville's affordable housing landscape is characterized by a single LIHTC funded project, Dodson Avenue Apts, which has been a part of the community for over 20 years. This project contributes significantly to the neighborhood's housing stock, providing 40 units, including 4 low-income units. The mix of two and three-bedroom apartments caters to various household sizes within the community.
The neighborhood has experienced population decline and decreasing median income over the past decade, while the racial composition has remained relatively stable. The LIHTC funded housing continues to play a crucial role in providing affordable options for residents, covering approximately 13.2% of the estimated housing inventory. This aligns closely with the target percentage for a well-balanced community, suggesting that the LIHTC program has made a meaningful contribution to addressing affordable housing needs in Churchville.