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Affordable Housing in Pablo: LIHTC Funded Units Amidst Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Pablo, Montana, is a small city with 38 low-income housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. These units represent approximately 3.7% of the city's estimated 1,017 housing units. The city has received $582,943 in LIHTC project tax credits, with an average of $194,314 per project and $15,340 per unit.
Pablo's share of Montana's total LIHTC funding is 0.32%. The city's first LIHTC project, Felsman Addition, was completed in 1998, and the most recent, Sparrow Lane II, in 2003. The early 2000s saw the most affordable housing activity, with two projects completed during this period.
The majority of the affordable housing units (37) are three-bedroom units, with one four-bedroom unit, indicating a focus on housing for larger households.
Pablo's population has fluctuated over the last decade, peaking at 3,595 in 2015 and decreasing to 2,654 by 2022. The median income has shown an overall increasing trend, rising from $29,025 in 2018 to $39,084 in 2022.
The racial composition of Pablo has changed. The Native American population decreased from 51% in 2018 to 32% in 2022, while the white population increased from 35% to 50%. The percentage of residents identifying as two or more races increased from 7% to 13%.
No new LIHTC projects have been built in Pablo in the last decade. However, the demographic shifts and income trends may influence future affordable housing needs in the city.
Pablo's LIHTC funded affordable housing inventory provides 38 low-income units, primarily for larger households. The city received nearly $583,000 in tax credits for these projects, completed between 1998 and 2003. Recent demographic trends show a decreasing population, increasing median income, and shifts in racial composition, which may impact future affordable housing needs in the community.
