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Affordable Housing in Pembroke: LIHTC Funding Impact on a Native American Majority 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
Pembroke, a town in North Carolina, has implemented the Low-Income Housing Tax Credit (LIHTC) program to support affordable housing. The town has 10 LIHTC-funded affordable housing units, all designated as low-income units. Based on the 2022 population of 7,636 and using the national average household size, the estimated housing inventory is approximately 2,926 units. The LIHTC-funded affordable housing represents about 0.34% of the estimated housing inventory in Pembroke.
Pembroke has received $350,000 in LIHTC funding for affordable housing projects. With two approximate projects, this translates to an average of $175,000 in federal funding per project. The average federal funding per unit is $35,000. Pembroke holds 0.08% of North Carolina's total LIHTC funding allocation.
The town's LIHTC-funded affordable housing spans from 2010 to 2015, indicating a recent focus on affordable housing development. The first project, Arrowpoint Acres, was completed in 2010, while the most recent project, Pembroke Senior Village, was finished in 2015. This five-year period represents the decade with the most affordable housing projects completed in Pembroke.
The affordable housing inventory in Pembroke consists of a mix of unit types. There are 3 one-bedroom units, 2 two-bedroom units, and 5 three-bedroom units. This distribution suggests a focus on accommodating various household sizes, from individuals to small families.
Over the past decade, Pembroke's population has fluctuated, peaking at 8,536 in 2016 and settling at 7,636 in 2022. The median income has shown an overall upward trend, rising from $27,057 in 2013 to $29,355 in 2022, despite some fluctuations.
Pembroke's racial composition has remained relatively stable, with Native Americans consistently representing the majority at around 62% of the population. The Black population has slightly decreased from 22% in 2013 to 17% in 2022, while the White population has remained steady at around 13-15%. The Hispanic population has grown slightly from 1% to 2% over this period.
The completion of LIHTC projects in 2010 and 2015 aligns with a period of population growth and relatively lower median incomes, suggesting a response to increased housing needs during that time.
Pembroke's LIHTC-funded affordable housing represents a targeted effort to address low-income housing needs. The town has leveraged federal funding to create a small but diverse mix of affordable units. The timing of these projects corresponds with demographic shifts, including population growth and income fluctuations. While the LIHTC-funded units cover only a small percentage of the estimated housing inventory, they contribute to the town's efforts to provide affordable housing options for its diverse population, particularly its significant Native American community.
