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Affordable Housing in Pelahatchie: LIHTC's Impact on a Small Mississippi Town
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Pelahatchie, Mississippi, a small town with a population of 4,098 in 2022, has a modest Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The town's total affordable housing units number 20, with 2 specifically designated as low-income units. This LIHTC-funded affordable housing represents approximately 1.27% of the town's estimated 1,570 housing units.
Pelahatchie has received $158,000 in project tax credits through the LIHTC program. With one approximate project, this amounts to an average federal funding of $158,000 per project. The average federal funding per unit is $7,900. Pelahatchie's LIHTC funding represents 0.06% of the total state LIHTC funding for Mississippi.
The sole LIHTC-funded project in Pelahatchie is the Golden Age Apartments, completed in 2020. This project constitutes the entirety of LIHTC-funded affordable housing in the town. The Golden Age Apartments comprise 20 total units, including 16 one-bedroom units and 4 two-bedroom units. The project does not include any efficiencies, three-bedroom, or four-bedroom units.
Pelahatchie's population has fluctuated over the last decade, showing a general downward trend from 4,901 in 2017 to 4,098 in 2022. The median income has exhibited variability, increasing from $44,070 in 2017 to $56,379 in 2021, before decreasing to $49,117 in 2022.
The town has maintained a majority white population, ranging from 69% to 84% over the past decade. The Black population has fluctuated between 14% and 22% during this period. The introduction of the LIHTC project in 2020 coincides with a period of relative stability in the racial composition of the town.
Pelahatchie's LIHTC-funded affordable housing inventory is limited to one project, the Golden Age Apartments, completed in 2020. This project provides 20 units, primarily one-bedroom apartments, representing a small fraction of the town's estimated housing inventory. The town has experienced population fluctuations and income variability over the past decade, with a consistent racial composition. The LIHTC program has made a modest contribution to Pelahatchie's affordable housing needs, though it represents a small percentage of the state's overall LIHTC funding.
