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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Mocksville, a town in North Carolina, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 138 total units, with 39 designated as low-income units. This represents approximately 2.7% of the town's estimated 5,153 housing units. Mocksville has received $453,322 in project tax credits through the LIHTC program, averaging $151,107 per project and $3,285 per unit in federal funding. The town's share of North Carolina's total LIHTC funding is 0.1%, indicating a small but notable contribution to the state's affordable housing efforts.
The development of LIHTC-funded housing in Mocksville spans from 2001 to 2014. The first project, Cambridge Creek Apartments, was completed in 2001, while the most recent, Willow Pond, was finished in 2014. The 2010s saw the most activity in affordable housing development. The unit distribution in Mocksville's LIHTC projects includes 52 one-bedroom units, 44 two-bedroom units, and 24 three-bedroom units, catering to various household sizes and needs within the low-income population.
Mocksville's population has remained relatively stable over the past decade, fluctuating between approximately 12,500 and 13,500 residents. The median income has increased modestly from $48,797 in 2013 to $52,064 in 2022, indicating a gradual improvement in economic conditions. Racial demographics have been fairly consistent, with the white population representing the majority at around 74-75% in recent years. There has been a slight increase in diversity, with the Hispanic population growing from 11% to 12% and the percentage of residents identifying as two or more races increasing from 2% to 7% between 2013 and 2022.
The completion of the Willow Pond project in 2014 aligns with a period of population growth and income fluctuation, potentially responding to an increased need for affordable housing options during that time. Mocksville's LIHTC-funded affordable housing inventory, while modest in scale, provides important housing options for low-income residents. The town's three LIHTC projects, developed over more than a decade, offer a mix of unit sizes to accommodate various household needs.
While the affordable housing stock represents a small percentage of the total estimated housing units, it plays a crucial role in the town's housing landscape. The demographic trends over the past decade, including stable population levels and gradual income growth, suggest an ongoing need for affordable housing options in Mocksville.