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Affordable Housing in Jackson, Missouri: Three Decades of LIHTC Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Jackson, Missouri, a city with a population of 20,205 as of 2022, has a notable presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The city has 133 low-income units across approximately 7 projects, comprising about 1.72% of the estimated 7,741 housing units in the city.
Jackson has received $360,000 in project tax credits for affordable housing through the LIHTC program. This amounts to an average of $51,429 in federal funding per project and $2,707 per unit. The city holds 0.1% of the total state funding for LIHTC projects in Missouri.
The development of affordable housing in Jackson spans over three decades. The earliest project, "911 Kimbel Ln," was completed in 1987, while the most recent known project, "Jackson Villa," was finished in 2013. The 1990s were particularly active for affordable housing development, with multiple projects completed during this decade, including "B & C Apts" and "Jackson Villa 2" in 1992, and "Jackson Senior Gardens" in 1998.
The LIHTC-funded housing inventory in Jackson primarily consists of one-bedroom units, with 112 such units available. There are also 3 two-bedroom units and 18 three-bedroom units, providing a range of housing options for different household sizes.
Jackson has experienced moderate population growth over the past decade, increasing from 18,748 in 2013 to 20,205 in 2022, a growth of approximately 7.8%. This suggests a steady demand for housing, including affordable options. The median income has risen from $55,698 in 2013 to $66,771 in 2022, indicating an overall improvement in the economic conditions of the city's residents.
Racial demographics in Jackson have remained relatively stable. The white population consistently represents the majority at around 91-93% of the total population. There has been a slight increase in diversity, with the percentage of residents identifying as two or more races growing from 1% in 2013 to 4% in 2022.
Jackson's LIHTC-funded affordable housing inventory, while modest compared to the total estimated housing stock, provides important low-income housing options for the community. The city has maintained a consistent approach to affordable housing development over the years. The focus on one-bedroom units suggests a targeted approach to housing smaller households or individuals. As Jackson continues to grow and evolve, monitoring the relationship between population growth, income levels, and affordable housing needs will be essential for future planning and development efforts.
