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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
DeRidder, a city in Louisiana with a population of 12,853 as of 2022, has a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The LIHTC program has funded a total of 8 affordable housing units in DeRidder, with 4 of these designated as low-income units. Based on the estimated housing inventory of 4,925 units, the LIHTC-funded affordable housing covers approximately 0.16% of the city's housing stock.
DeRidder has received $26,613 in project tax credits through the LIHTC program. With two approximate projects, this averages to $13,307 in federal funding per project. The average federal funding per unit is $3,327. DeRidder holds 0.02% of Louisiana's total LIHTC funding.
The city's LIHTC-funded affordable housing history spans from 1996 to 1997. The first project, Hope Bailey/Beauregard Apartments, was completed in 1996, while the last project, Nanny O'Neal/Beauregard Srs., was finished in 1997. This indicates that LIHTC-funded affordable housing has been present in DeRidder for over two decades.
The 1990s saw the most affordable housing projects completed in DeRidder. The city's LIHTC inventory consists primarily of one-bedroom units (6) and two-bedroom units (2). There are no efficiencies, three-bedroom, or four-bedroom units in the LIHTC-funded projects.
Over the last decade, DeRidder's population has remained relatively stable, with a slight decrease from 13,753 in 2018 to 12,853 in 2022. The median income has shown an overall upward trend, increasing from $55,729 in 2018 to $58,610 in 2022, with some fluctuations in between.
Racial demographics have seen minor shifts. The white population decreased slightly from 61% in 2018 to 58% in 2022, while the Black population decreased from 28% to 24%. The Hispanic population remained stable at around 7-8%. There has been a slight increase in the population identifying as two or more races, from 3% in 2018 to 7% in 2022.
Despite these demographic changes, no new LIHTC projects have been built in DeRidder in the last decade. This could be due to various factors, including the relatively stable population and increasing median income, which might indicate a reduced need for additional low-income housing.
DeRidder's LIHTC-funded affordable housing inventory is modest, covering a small percentage of the city's estimated housing stock. The city's two LIHTC projects were completed in the late 1990s, providing a total of 8 units, with half designated as low-income. While the population has remained relatively stable over the past decade, the city has seen an increase in median income and slight shifts in racial demographics. The lack of recent LIHTC projects may be indicative of changing housing needs or priorities in the city.