Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
La Vergne, Tennessee, with a population of 38,626 as of 2022, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 109 total units, including 28 low-income units. This represents approximately 0.74% of the city's estimated 14,799 housing units. The city has received $1,360,835 in project tax credits through the LIHTC program, averaging $680,417.50 per project and $12,484.72 per unit. La Vergne's LIHTC funding accounts for 0.3% of Tennessee's total.
The LIHTC program in La Vergne began with Cedar Ridge Townhomes in 1994, and the most recent project, Rutherford Pointe, was completed in 1996. The 1990s marked the peak period for affordable housing project completion in the city. The current inventory comprises 12 one-bedroom units, 4 two-bedroom units, and 93 three-bedroom units, indicating a preference for family-sized accommodations.
La Vergne's population increased by approximately 15% from 33,545 in 2013 to 38,626 in 2022. During this period, the median income rose by 21% from $61,737 to $74,810. The city's racial composition also changed, with the white population decreasing from 58% to 48%, the Black population increasing from 20% to 25%, and the Hispanic population growing from 17% to 20%.
Despite the demographic changes and population growth over the past decade, no new LIHTC projects have been recorded in La Vergne. This lack of new developments could be attributed to various factors, including changes in local housing policies, the availability of alternative affordable housing programs, or shifts in funding priorities.
La Vergne's LIHTC-funded affordable housing inventory, while modest, has been a component of the city's housing landscape for over two decades. The emphasis on three-bedroom units suggests a focus on family housing. The absence of new LIHTC projects in the face of significant population growth and demographic changes over the past decade highlights the need for continued attention to affordable housing solutions in La Vergne, considering the city's evolving demographics and housing needs.