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Affordable Housing in Nixa, Missouri: LIHTC Impact on a Growing City
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Nixa, Missouri, a city of 9.11 square miles, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The city's LIHTC inventory comprises 336 total units, with 299 designated as low-income units. This represents approximately 2.69% of the city's estimated housing inventory of 12,489 units.
Nixa has received $8,502,300 in project tax credits through the LIHTC program. With approximately 13 projects, this averages $654,023 in federal funding per project. The funding equates to $25,304 per unit when considering all 336 units in LIHTC-funded projects. Nixa holds 2.43% of Missouri's total LIHTC funding, indicating a substantial investment in affordable housing for a city of its size.
The first LIHTC project in Nixa, Nixa Apts, was completed in 1988, while the most recent project, Nicholas Court, was finished in 2020. This 32-year span demonstrates a long-term commitment to affordable housing in the city. The 1990s saw the most activity in LIHTC project completions, with notable developments including Abbey Orchard Apts II and Branson/Christian Co in 1994.
The LIHTC-funded housing in Nixa offers a diverse range of unit types, with 75 one-bedroom, 212 two-bedroom, 11 three-bedroom, and 2 four-bedroom units. This distribution suggests a focus on accommodating various family sizes, with a particular emphasis on smaller households. One project, Nicholas Court, completed in 2020, specifically targets the handicapped population, addressing the unique housing needs of this demographic.
Over the past decade, Nixa has experienced steady population growth, increasing from 26,189 in 2010 to 32,597 in 2022. The median income has also risen, from $59,444 in 2013 to $72,067 in 2022, indicating overall economic improvement. Despite this growth, the completion of Nicholas Court in 2020 suggests an ongoing need for affordable housing options.
Racially, Nixa has remained predominantly white, though there has been a slight increase in diversity. The Hispanic population grew from 3% in 2013 to 5% in 2022, while the Asian population increased from 0% to 2% during the same period. This gradual diversification may influence future affordable housing needs and demographics.
Nixa's LIHTC-funded affordable housing inventory, while modest in relation to the city's total housing stock, represents a significant and long-term investment in addressing low-income housing needs. The city's share of state LIHTC funding is substantial for its size, indicating a strong commitment to affordable housing. The diverse unit types and the recent focus on accommodating handicapped residents demonstrate efforts to meet varied housing needs. As Nixa continues to grow and diversify, ongoing assessment and development of affordable housing options may be necessary to keep pace with changing demographics and economic conditions.
