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Affordable Housing in Jasper, Florida: LIHTC's Two-Decade Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Jasper, a city in Florida, maintains a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city's total LIHTC-funded affordable housing units amount to 61, all of which are designated as low-income units. Based on the 2022 population of 7,379 and an estimated 2,827 housing units, the LIHTC-funded affordable housing comprises approximately 2.16% of the city's estimated housing inventory.
Jasper has two LIHTC-funded projects: Greenbriar and Greenhaven. The first project, Greenbriar, was completed in 1994, while Greenhaven followed in 1995. This indicates that affordable housing has been present in Jasper for nearly three decades. The 1990s witnessed the most affordable housing development activity in the city.
The breakdown of unit types in Jasper's LIHTC-funded projects is as follows: 30 one-bedroom units, 27 two-bedroom units, and 4 three-bedroom units. Greenhaven, completed in 1995, is the larger of the two projects with 37 units, consisting of 26 one-bedroom and 11 two-bedroom apartments. Greenbriar, completed in 1994, has 24 units, including 4 one-bedroom, 16 two-bedroom, and 4 three-bedroom apartments.
Over the past decade, Jasper's population has fluctuated, reaching a peak of 8,724 in 2019 before declining to 7,379 in 2022. The median income has shown an upward trend, increasing from $28,982 in 2017 to $43,490 in 2022, which represents a significant improvement in the economic conditions of the city's residents.
Regarding racial demographics, the city has maintained a relatively stable composition over the past decade. As of 2022, the population was 51% White, 38% Black, 7% Hispanic, and 3% identifying as two or more races. The slight increase in the White population and decrease in the Black population over the years might indicate changing demographic patterns in the city.
Jasper's LIHTC-funded affordable housing inventory, while modest, has been a consistent part of the city's housing landscape for nearly 30 years. The two projects, Greenbriar and Greenhaven, provide a total of 61 low-income units, primarily consisting of one and two-bedroom apartments. While this represents a small percentage of the city's estimated housing inventory, it is important to note that other affordable housing programs may also be contributing to meeting the city's needs. The rising median income over the past decade suggests improving economic conditions for Jasper's residents, which may influence future affordable housing needs and development in the city.
