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Affordable Housing in O'Neill, Nebraska: Three Decades of LIHTC Implementation
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
O'Neill, Nebraska, with a population of 4,194 as of 2022, has 51 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, of which 49 are designated as low-income. This represents approximately 3.2% of the city's estimated 1,607 housing units. The city has received $326,729 in project tax credits through the LIHTC program, distributed across 4 projects, averaging $81,682 per project and $6,407 per unit. O'Neill's LIHTC funding constitutes 0.28% of Nebraska's total.
The city's affordable housing projects span from 1988 to 2009. The initial project, Sun Apts, was completed in 1988, while the most recent, Country Clover Crown, was finished in 2009. The 1990s saw the highest activity in affordable housing development, with two projects completed during that decade.
The LIHTC funded projects in O'Neill include various unit types. The inventory comprises 1 two-bedroom unit, 15 three-bedroom units, and 4 four-bedroom units. Data on efficiencies and one-bedroom units is not available.
O'Neill's population has remained relatively stable over the past decade, fluctuating between 4,000 and 4,200 residents. The median income has increased from $44,936 in 2013 to $64,031 in 2022, potentially impacting the demand for affordable housing.
The racial composition of O'Neill has remained predominantly white, consistently above 89% throughout the past decade. The Hispanic population has marginally increased from 7% in 2013 to 7% in 2022. These demographic trends indicate a stable population with modest income growth, which may influence the need for affordable housing in the community.
O'Neill's LIHTC funded affordable housing inventory represents a small but significant portion of its housing stock. The city has benefited from federal funding for affordable housing projects over more than two decades. The available units cater to various household sizes, with a focus on larger units. While the population has remained stable, the rising median income over the past decade may impact the ongoing need for affordable housing in the community. The city's demographic composition has shown little change, maintaining a predominantly white population with a small but consistent Hispanic presence.
