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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Delphi, Indiana, maintains a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city possesses 32 total affordable housing units, with 3 designated as low-income units. Based on the 2022 population of 4,201 and an estimated 1,610 housing units, LIHTC-funded affordable housing comprises approximately 2% of the city's estimated housing inventory.
Delphi has benefited from two LIHTC-funded projects: Canal View and Water Tower Place. Canal View was completed in 1999, while Water Tower Place followed in 2007. This indicates that affordable housing has been present in Delphi for over two decades. The 2000s saw the most activity in terms of LIHTC project completion.
All 32 LIHTC-funded units in Delphi are two-bedroom units, located in the Water Tower Place project. This suggests a focus on accommodating small families or individuals who require additional space.
Over the past decade, Delphi's population has remained relatively stable, fluctuating between approximately 4,100 and 4,300 residents. The median income has shown some variability, ranging from around $42,500 to $50,500. The racial composition of the city has remained predominantly white, with a slight increase in diversity. The Hispanic population has decreased slightly from 13% to 11% between 2013 and 2022.
The limited growth in LIHTC projects over the past decade may be related to the stable population and relatively steady median income. However, other affordable housing programs may be addressing additional needs in the community.
Delphi's LIHTC-funded affordable housing inventory provides 32 two-bedroom units to the community. The two projects, completed in 1999 and 2007, represent a long-term commitment to affordable housing in the city. While the LIHTC-funded units cover only a small percentage of the estimated housing inventory, they contribute to addressing affordable housing needs in Delphi. The city's stable demographics over the past decade may have influenced the pace of LIHTC development, but a comprehensive understanding of Delphi's affordable housing landscape would require consideration of other housing programs and initiatives beyond LIHTC.