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Affordable Housing in Havre, Montana: Two Decades of LIHTC Implementation
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Havre, Montana, demonstrates a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The city's LIHTC inventory comprises 106 total units, with 87 designated as low-income units. Based on the 2022 population of 7,891 and an estimated 3,023 housing units, LIHTC-funded affordable housing represents approximately 3.5% of the city's estimated housing inventory.
Havre has received $40,897,909 in project tax credits through the LIHTC program. With approximately 10 projects, this equates to an average of $4,089,791 in federal funding per project. The average federal funding per unit is $385,829. Notably, Havre holds 22.21% of Montana's total LIHTC funding, indicating a significant concentration of affordable housing investment in this area relative to the rest of the state.
The LIHTC program has been active in Havre since at least 1994, with the completion of Highland Manor II. The most recent project on record is Antelope Court, completed in 2017, suggesting over two decades of affordable housing development in the city. The 2010s saw the most affordable housing activity, with projects like Buffalo Court (2012), Hillview Apartments (2014), and Antelope Court (2017) being completed during this decade.
The LIHTC-funded housing in Havre offers a diverse range of unit types. The inventory includes 1 efficiency unit, 29 one-bedroom units, 26 two-bedroom units, 24 three-bedroom units, and 12 four-bedroom units, catering to various household sizes and needs.
Over the past decade, Havre's population has remained relatively stable, fluctuating between 7,800 and 8,300 residents. The median income has shown an overall upward trend, rising from $46,591 in 2013 to $53,805 in 2022, with a peak of $63,318 in 2021. This increase in median income might suggest a growing need for affordable housing options to support lower-income residents.
Regarding racial demographics, the city has maintained a predominantly white population, consistently above 79% throughout the decade. However, there has been a slight increase in diversity, with the Native American population growing from 10% to 12% and the Hispanic population increasing from 2% to 5% between 2013 and 2022. This gradual diversification could potentially influence future affordable housing needs and planning.
Havre's LIHTC-funded affordable housing inventory represents a significant investment in addressing low-income housing needs. With 106 total units, including 87 low-income units, the program covers approximately 3.5% of the city's estimated housing stock. The city has received over $40 million in tax credits, accounting for over 22% of Montana's LIHTC funding. The development of affordable housing has spanned more than two decades, with the most recent activity occurring in the 2010s. While the population has remained relatively stable, increasing median income and slight shifts in racial demographics may influence future affordable housing needs in Havre.
