The affordable housing inventory in Paragould consists primarily of one-bedroom units (60), followed by two-bedroom units (9), and a single three-bedroom unit. There are no efficiencies or four-bedroom units reported in the LIHTC-funded projects.

Over the past decade, Paragould's population has steadily increased from 30,901 in 2013 to 34,673 in 2022, a growth of about 12%. During this period, the median income rose from $40,737 in 2013 to $50,823 in 2022, an increase of approximately 24.8%.

The racial composition of Paragould has seen slight changes. The white population decreased from 94% in 2013 to 88% in 2022, while other racial groups saw small increases. The Hispanic population grew from 2% to 4%, and the Black population increased from less than 1% to 3% during this period.

No new LIHTC projects have been reported since 2011, despite the population growth and income changes. This could be due to other affordable housing initiatives not captured in the LIHTC data, or perhaps a shift in local housing priorities.

Paragould's LIHTC-funded affordable housing represents a small portion of the city's estimated housing stock. The city has received nearly half a million dollars in LIHTC funding, supporting 70 units across three projects. The majority of these units are one-bedroom apartments, potentially serving single individuals or small families. While the city has experienced population growth and increased median income over the past decade, there have been no new LIHTC projects since 2011. This analysis provides an overview of Paragould's LIHTC-funded affordable housing landscape, but it is important to note that other affordable housing initiatives may exist outside of this program.