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Affordable Housing in Houston, Mississippi: LIHTC Program and Specialized Projects
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Houston, Mississippi, a city with a population of 4,907 as of 2022, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city's LIHTC inventory comprises 120 units, all of which are designated as low-income units. This represents approximately 6.38% of the city's estimated 1,880 housing units.
Houston has received $1,343,789 in project tax credits from the LIHTC program for affordable housing. With three approximate projects, this translates to an average federal funding of $447,930 per project and $11,198 per unit. Houston holds 0.49% of the total state LIHTC funding, indicating a substantial investment in affordable housing relative to its size.
The city's affordable housing development spans from 2011 to 2018. Chickasaw Village, completed in 2011, was the first project, followed by Pine View I and Pine View II, both completed in 2018. The 2010s were the most active period for affordable housing development in Houston.
The LIHTC funded housing inventory in Houston consists of 24 one-bedroom units, 56 two-bedroom units, 32 three-bedroom units, and 8 four-bedroom units, providing options for various household sizes. Two notable projects, Pine View I and Pine View II, target disabled persons who use Monoamine Oxidase Inhibitors (MAOI), addressing the unique housing needs of a specific vulnerable population.
Houston's population has grown from 4,274 in 2010 to 4,907 in 2022, an increase of approximately 14.8%. The median income has increased from $28,419 in 2013 to $35,135 in 2022, representing a 23.6% rise. Racial demographics have shifted, with the Black population decreasing from 48% in 2019 to 38% in 2022, while the White population increased from 44% to 51% in the same period. The Hispanic population has decreased from 7% to 5%, and the percentage of individuals identifying as two or more races has increased from 1% to 5%.
The completion of two LIHTC projects in 2018 coincides with a period of population growth and increasing median income, suggesting a proactive approach to addressing potential housing affordability challenges as the city expanded. Houston, Mississippi has made significant progress in providing affordable housing through the LIHTC program, with 120 low-income units representing 6.38% of the estimated housing stock. The city has attracted a notable share of state LIHTC funding, with projects targeting specific populations. The affordable housing development aligns with population growth and income trends over the past decade, indicating an effort to meet the evolving housing needs of the community.
