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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Eagle, Idaho, a growing city near Boise, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 97 total units, with 90 designated as low-income units. This represents approximately 0.72% of the city's estimated 13,438 housing units. Eagle has received $948,290 in project tax credits through the LIHTC program, averaging $474,145 per project and $9,776 per unit in federal funding. The city holds 1.17% of Idaho's total LIHTC funding.
Affordable housing has been present in Eagle since at least 2004, with the most recent project completed in 2018. This 14-year span indicates a sustained, though limited, commitment to affordable housing development. The 2010s saw the most activity, with the completion of Cottonwood Meadows in 2018. The LIHTC-funded housing inventory in Eagle consists primarily of one-bedroom and two-bedroom units, with 35 units each, suggesting a focus on smaller households and families.
Over the past decade, Eagle has experienced significant population growth, increasing from 25,194 in 2013 to 35,073 in 2022. The median income has also risen, from $91,857 in 2013 to $99,742 in 2022. Despite this growth and prosperity, the racial composition of the city has remained predominantly white, with a slight increase in diversity, particularly in the Hispanic population (from 4% in 2013 to 9% in 2022).
The limited number of LIHTC projects in the last decade, despite population growth, may indicate a focus on higher-income housing development. However, the rising median income could also suggest a decreased need for affordable housing among long-term residents.
Eagle's LIHTC-funded affordable housing inventory represents a small portion of the city's overall housing stock. The city has maintained a consistent, if limited, approach to affordable housing development over the past two decades. With continued population growth and rising median incomes, Eagle may need to reassess its affordable housing needs to ensure a diverse and inclusive community for all income levels.