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Affordable Housing in Dunlap, Tennessee: LIHTC Impact on a Growing City
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Dunlap, Tennessee, with a population of 9,053 as of 2022, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 64 units. These units are all designated as low-income units. The LIHTC-funded affordable housing represents approximately 1.8% of the city's estimated housing inventory of 3,469 units.
Dunlap has received $299,145 in project tax credits from the LIHTC program for affordable housing. This funding translates to an average of $299,145 per project and $4,674 per unit. The city's LIHTC funding accounts for 0.07% of the total state funding for LIHTC projects in Tennessee.
The sole affordable housing project in Dunlap is Valley View Garden Apartments, completed in 2004. This project marks the beginning of LIHTC-funded affordable housing in the city, with a history spanning nearly two decades. The Valley View Garden Apartments project consists of 64 units, including 44 two-bedroom units and 2 three-bedroom units, suggesting a focus on accommodating small to medium-sized families.
Dunlap's population has shown an overall growth trend over the last decade, increasing from 8,164 in 2017 to 9,053 in 2022, indicating a rising demand for housing. Median income has fluctuated, peaking at $52,371 in 2018 before declining to $45,120 in 2022. This trend may suggest an increasing need for affordable housing options.
Racial demographics in Dunlap have remained relatively stable, with the white population constituting the majority. There has been a slight increase in Hispanic residents, from 4% in 2017 to 6% in 2022, potentially indicating growing diversity in the community and diverse housing needs.
In summary, Dunlap's LIHTC-funded affordable housing inventory provides 64 low-income units to the community through the Valley View Garden Apartments project. With recent population growth and fluctuations in median income, the city may need to continue monitoring its affordable housing needs to ensure adequate support for its low-income residents.
