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Affordable Housing in Lake Jackson, Texas: LIHTC-Funded Inventory and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Lake Jackson, Texas, has a specific Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city contains 122 total units in LIHTC-funded projects, with 108 designated as low-income units. Based on an estimated housing inventory of 13,275 units, LIHTC-funded affordable housing comprises approximately 0.92% of the city's housing stock.
Lake Jackson has received $409,155 in project tax credits from the LIHTC program. With approximately 3 projects, this averages to about $136,385 per project. The total tax credits divided by the 122 total units results in an average of $3,354 per unit in federal funding. Lake Jackson holds 0.35% of the total state LIHTC funding.
The available data indicates affordable housing has been present in Lake Jackson since at least 2002, with the completion of the Gateway At Lake Jackson project. The most recent project with a known completion date is Lake Jackson Manor, finished in 2006. This suggests a span of at least 4 years of affordable housing development in the city.
The 2000s experienced the most affordable housing activity, with two known projects completed during this decade. The inventory includes 70 one-bedroom units and 36 two-bedroom units, accommodating various household sizes.
Over the last decade, Lake Jackson's population has grown steadily from 31,484 in 2013 to 34,648 in 2022. The median income has fluctuated but generally increased from $82,401 in 2013 to $87,939 in 2022. Racially, the city has become slightly more diverse, with the white population decreasing from 65% to 57%, while the Hispanic population increased from 22% to 30%. Despite these demographic shifts, there has not been a corresponding increase in LIHTC-funded projects in recent years.
Lake Jackson's LIHTC-funded affordable housing inventory, while present, represents a small portion of the city's estimated housing stock. The city has received a modest amount of LIHTC funding, which has been used to develop primarily one and two-bedroom units. While demographic trends show population growth and income increases, there has not been a recent corresponding growth in LIHTC-funded affordable housing projects. This analysis provides an objective view of the LIHTC program's contribution to affordable housing in Lake Jackson, recognizing that other programs may also contribute to the city's overall affordable housing landscape.
