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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Eagle Pass, a Texas city on the U.S.-Mexico border, has a specific Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city's LIHTC program has produced 68 affordable housing units, all designated as low-income units. These units represent approximately 0.62% of the city's estimated 10,992 housing units.
The LIHTC program in Eagle Pass has received $63,097 in project tax credits. With approximately 4 projects, this equates to an average of $15,774 in federal funding per project and $928 per unit. Eagle Pass accounts for 0.05% of the total state LIHTC funding for Texas.
The initial LIHTC project in Eagle Pass, "587 Jefferson St," was completed in 1987, while the most recent named project, "Legacy Villas," was constructed in 2011. This indicates a 24-year span of affordable housing presence in the city. The 2000s witnessed the most affordable housing development, with two projects completed: "Vista Hermosa Apts" in 2006 and "Legacy Villas" in 2011.
The LIHTC-funded housing in Eagle Pass primarily consists of four-bedroom units, with 64 such units available. Additionally, there is 1 one-bedroom unit and 3 two-bedroom units. This distribution suggests a focus on accommodating larger families in the affordable housing projects.
Eagle Pass has experienced population fluctuations over the last decade, with a slight overall increase from 28,118 in 2013 to 28,689 in 2022. The median income has shown significant growth, rising from $36,093 in 2013 to $48,563 in 2022, indicating improving economic conditions for residents.
The racial demographics of Eagle Pass have remained relatively stable, with a consistently high Hispanic population of approximately 95-97% throughout the decade. This demographic consistency suggests that the LIHTC projects have been serving a predominantly Hispanic community.
Eagle Pass's LIHTC-funded affordable housing inventory, while modest in size, has been a consistent presence in the city for over two decades. The program has focused on providing larger units, primarily four-bedroom apartments, which aligns with the needs of families in the predominantly Hispanic community. While the percentage of LIHTC-funded housing is small compared to the estimated total housing stock, it represents a targeted effort to provide affordable options in a city that has seen growing median incomes over the past decade.