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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Copperas Cove, a city in Texas, has a population of 44,519 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory consists of 96 total units, all of which are designated as low-income units. Based on the estimated housing inventory of 17,057 units, the LIHTC funded affordable housing covers approximately 0.56% of the city's housing stock.
Copperas Cove has approximately 3 LIHTC funded projects. The earliest known project completion was Brookview Village in 2013, followed by Constitution Court Phase II in 2016. This indicates that LIHTC funded affordable housing has been present in the city for at least a decade.
The 2010s saw the most LIHTC project completions in Copperas Cove, with two known projects finished during this period. Brookview Village, completed in 2013, contributes all 96 low-income units to the city's affordable housing inventory.
One notable project, Constitution Court Phase II, completed in 2016, has a target population of individuals with special needs. This suggests that the project may include features or services tailored to accommodate residents with specific requirements, such as accessibility modifications or on-site support services.
Over the past decade, Copperas Cove's population has grown from 40,516 in 2019 to 44,519 in 2022, representing an increase of about 9.9%. The median income has fluctuated, reaching $65,901 in 2021 before decreasing to $59,668 in 2022.
Racial demographics have shown some shifts. The white population has decreased from 58% in 2019 to 56% in 2022, while the Hispanic population has increased from 17% to 19% during the same period. The Black population has remained relatively stable at around 13-14%. The percentage of residents identifying as two or more races has increased from 7% to 9% between 2019 and 2022.
The completion of LIHTC projects in 2013 and 2016 aligns with a period of population growth and fluctuating median income, suggesting a response to changing housing needs in the community.
Copperas Cove's LIHTC funded affordable housing inventory, while modest in size, provides 96 low-income units to the community. The city has seen LIHTC project completions in the past decade, with a focus on addressing special needs populations. The demographic trends, including population growth and shifts in racial composition, provide context for the development of affordable housing in the city. While the current LIHTC inventory represents a small percentage of the estimated housing stock, it contributes to addressing affordable housing needs in Copperas Cove.