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Affordable Housing in Old Dixon: Three Decades of LIHTC Projects Amidst Population Decline
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Old Dixon, a neighborhood in Jackson, Mississippi, has a small inventory of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 8 total units in LIHTC-funded projects, with 7 designated as low-income units. Based on the 2022 population of 777 and using the national average household size, the estimated housing inventory for the neighborhood is approximately 298 units. LIHTC-funded affordable housing comprises about 2.7% of the estimated housing inventory in Old Dixon.
The LIHTC-funded affordable housing in Old Dixon has been present since 1989. The first projects, Ridge Creek Apts - Bldg A and Ridge Creek Apts B, were completed that year. The most recent project, Ridge Creek Apts - Bldg B, was completed in 1990. This indicates that affordable housing has been a component of the neighborhood for over three decades.
The 1980s saw the highest number of affordable housing project completions in Old Dixon. The inventory consists of 4 two-bedroom units and 4 three-bedroom units, offering options for different family sizes.
Old Dixon has undergone significant demographic changes over the past decade. The population has decreased from 1,295 in 2019 to 777 in 2022, a decline of approximately 40%. Despite this population decrease, the median income has fluctuated, rising from $22,757 in 2019 to $36,170 in 2020, before declining to $24,407 in 2022.
The racial composition of Old Dixon has remained predominantly Black, with a slight decrease from 98% in 2019 to 91% in 2022. There has been a notable increase in the Hispanic population, rising from 0% in 2019 to 8% in 2022.
The absence of new LIHTC projects in the last decade may be attributed to the declining population, which may have reduced the perceived need for additional affordable housing units. However, the fluctuating median income suggests that there might still be a demand for affordable housing options in the neighborhood.
Old Dixon's LIHTC-funded affordable housing inventory, while modest, has been a stable component of the neighborhood for over 30 years. The 8 units, primarily consisting of two and three-bedroom apartments, account for about 2.7% of the estimated housing inventory. Despite significant population decline and income fluctuations over the past decade, the racial composition has remained predominantly Black, with a recent increase in Hispanic residents. These demographic shifts may influence future affordable housing needs and development in the neighborhood.
