Loading Content...
Affordable Housing in Mesquite, Nevada: A Decade of Stagnation Amid Growth
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Mesquite, Nevada, possesses a distinct Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city contains 248 affordable units, all categorized as low-income. This inventory comprises approximately 3.1% of Mesquite's estimated 8,033 housing units, based on the 2022 population and national average household size.
Mesquite has received $710,267 in project tax credits from the LIHTC program. With three projects, this averages to about $236,756 per project. The average federal funding per unit is $2,864. Mesquite accounts for 0.19% of Nevada's total LIHTC funding.
The city's affordable housing development occurred between 1997 and 2004. The initial project, Mesquite Bluffs Apartments, was completed in 1997, while the most recent, Rivers Bend, was finished in 2004. The late 1990s and early 2000s marked the peak of affordable housing development in Mesquite.
The LIHTC funded projects in Mesquite offer various unit types. The inventory includes 48 efficiencies, 29 one-bedroom units, and 95 two-bedroom units. This distribution accommodates different household sizes and needs within the low-income population.
Mesquite's population has grown steadily over the past decade, increasing from 16,162 in 2013 to 20,966 in 2022. The median income has also risen, from $45,918 in 2013 to $61,019 in 2022. Despite this growth, no new LIHTC projects have been developed in the last decade.
The racial composition of Mesquite has remained relatively stable. The white population decreased slightly from 71% in 2019 to 69% in 2022, while the Hispanic population increased from 22% to 25% over the same period. The Asian population has remained at 2-3% since 2018.
Mesquite's LIHTC funded affordable housing inventory provides 248 low-income units across three projects. These developments, completed between 1997 and 2004, offer a mix of unit types to serve diverse needs. Despite recent population growth and increasing median income, no new LIHTC projects have been initiated in the past decade. The city's demographic trends show slight shifts in racial composition, but these changes have not significantly impacted the LIHTC-funded affordable housing landscape.
