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Affordable Housing in Nacogdoches: LIHTC Impact on Texas' Oldest Town
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Nacogdoches, founded in 1779, is the oldest town in Texas. The city has developed a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The LIHTC program has funded 419 total units in Nacogdoches, with 353 designated as low-income units. This represents approximately 2.6% of the city's estimated 15,966 housing units.
Nacogdoches has received $728,212 in project tax credits for affordable housing through the LIHTC program. With approximately 21 projects, the average federal funding per project is $34,677. The average federal funding per unit is $1,738. Nacogdoches holds 0.63% of the total state LIHTC funding, indicating its relative importance in Texas's affordable housing landscape.
The city's involvement with LIHTC-funded affordable housing began in 1987 with multiple projects on Rho Street. The most recent project, Pine Lake Estates, was completed in 2015, demonstrating nearly three decades of affordable housing development in Nacogdoches. The 1980s saw the most affordable housing projects completed, with five projects initiated in 1987 alone. The 2000s also saw significant development, including projects like Cypress Ridge (2002), Town Parc At Nacogdoches (2003), and Nacogdoches Senior Village (2007).
The LIHTC-funded housing in Nacogdoches offers a diverse range of unit types. The inventory includes 36 one-bedroom units, 78 two-bedroom units, 81 three-bedroom units, and 7 four-bedroom units, catering to various household sizes and needs.
Analyzing demographic trends over the last decade, Nacogdoches has experienced slight fluctuations in population, with a peak of 43,044 in 2015 and a recent decline to 41,670 in 2022. The median income has shown a steady increase, rising from $37,725 in 2013 to $44,976 in 2022. This income growth might influence the demand for affordable housing.
Racial distribution in Nacogdoches has remained relatively stable over the past decade. The white population has consistently represented about 50-51% of the total, while the Black population has slightly decreased from 24% to 23%. The Hispanic population has seen a gradual increase from 20% to 23%, potentially indicating a growing need for culturally responsive affordable housing options.
In summary, Nacogdoches has utilized the LIHTC program to develop a diverse affordable housing inventory over nearly three decades. While the current LIHTC-funded units represent a small percentage of the total housing stock, they play a crucial role in addressing the city's affordable housing needs. The city's changing demographics, particularly the growing Hispanic population and increasing median income, may shape future affordable housing strategies and LIHTC project development in Nacogdoches.
