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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Northside neighborhood of Missoula, Montana exhibits a distinct affordable housing landscape influenced by the Low-Income Housing Tax Credit (LIHTC) program. This area currently contains 26 affordable housing units, all categorized as low-income. These units constitute approximately 2.37% of the estimated 1,097 total housing units in the neighborhood, based on the 2022 population of 2,864 and the national average household size.
The LIHTC program has made a substantial investment in the Northside, allocating a total of $245,411 in tax credits to affordable housing projects. This equates to an average federal funding of $9,439 per unit. The neighborhood has maintained a consistent presence of affordable housing since 1994, with the most recent project completed in 2003.
The Gold Dust project, finalized in 2003, stands as the largest LIHTC-funded development in the area, providing 18 units. It offers a variety of unit types, including one efficiency, 14 two-bedroom units, and three three-bedroom units. The Butorac Rentals and Clyatt Rentals, both completed in 1994, each contribute four two-bedroom units to the affordable housing inventory.
The 1990s marked the most active period in affordable housing development in the Northside, with two projects completed during this decade. This period established the foundation for the neighborhood's current affordable housing stock.
Over the past decade, the Northside has experienced fluctuations in its population, with a notable increase from 2,928 in 2019 to 3,680 in 2020, followed by a decrease to 2,864 in 2022. Simultaneously, the median income has demonstrated a significant upward trend, rising from $35,389 in 2017 to $56,556 in 2022.
The racial composition of the neighborhood has remained relatively stable, with the white population consistently representing the majority. However, there has been a slight increase in diversity, with the Hispanic population growing from 3% in 2017 to 9% in 2022.
Despite these demographic shifts, no new LIHTC projects have been developed in the last decade. This may be attributed to the rising median income, which could have reduced the perceived need for additional affordable housing units in the area.
The Northside neighborhood of Missoula possesses a modest LIHTC-funded affordable housing inventory, representing a small percentage of its estimated housing stock. The area experienced most of its affordable housing development in the 1990s and early 2000s, with no new projects in the past decade. While the population has fluctuated and median income has increased, the racial composition has remained relatively stable with a slight increase in diversity. These demographic trends may have influenced the lack of recent LIHTC development in the neighborhood.