Loading Content...
Affordable Housing in Dalton: LIHTC Impact on Carpet Capital
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Dalton, Georgia, with a population of 54,572 as of 2022, is known as the "Carpet Capital of the World" due to its significant carpet manufacturing industry. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 117 total units, all of which are designated as low-income units. Based on the estimated housing inventory of 20,909 units, the LIHTC-funded affordable housing represents approximately 0.56% of the city's housing stock.
Dalton has received $633,138 in project tax credits from the LIHTC program for affordable housing. With one project, this translates to an average federal funding of $633,138 per project. The average federal funding per unit is $5,411. Dalton holds 0.19% of the total state LIHTC funding for Georgia.
The city's LIHTC-funded affordable housing project, Autumn Ridge, was completed in 2004. This indicates that affordable housing through the LIHTC program has been present in Dalton for nearly two decades. The affordable housing units in Dalton consist of 3 one-bedroom units, 6 two-bedroom units, and 4 three-bedroom units. This distribution suggests a focus on accommodating various family sizes within the affordable housing inventory.
Over the last decade, Dalton's population has remained relatively stable, with a slight increase from 53,542 in 2014 to 54,572 in 2022. The median income has shown an overall upward trend, rising from $44,877 in 2014 to $49,073 in 2022, with some fluctuations in between.
The racial distribution in Dalton has seen changes over the past decade. The Hispanic population has increased from 44% in 2014 to 50% in 2022, while the white population has decreased from 45% to 42% during the same period. The Black and Asian populations have remained relatively stable at around 4% and 2%, respectively.
Despite these demographic changes, there have been no new LIHTC projects in Dalton since 2004. This could be due to various factors, including changes in local housing policies, economic conditions, or the availability of other affordable housing programs.
Dalton's LIHTC-funded affordable housing inventory provides 117 low-income units to the community. The city's single LIHTC project, Autumn Ridge, was completed in 2004 and received significant federal funding. While the demographic trends show a growing Hispanic population and increasing median income, the LIHTC program has not expanded in recent years. This analysis provides insights into Dalton's affordable housing landscape, highlighting the need for continued attention to housing affordability in the context of changing demographics and economic conditions.
