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Affordable Housing in Rowland, NC: A Single LIHTC Project's Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Rowland, North Carolina, possesses a small LIHTC-funded affordable housing inventory. The town has one LIHTC project providing 24 low-income units, all designated as affordable housing. Of the estimated 836 housing units in Rowland, LIHTC-funded affordable housing comprises approximately 2.87% of the city's housing inventory.
Rowland has received $37,472 in project tax credits from the LIHTC program for affordable housing. This amount equates to an average federal funding of $37,472 per project and $1,561 per unit. The town represents 0.01% of North Carolina's total LIHTC funding allocation.
The single LIHTC project in Rowland, Rowland Manor Apartments, was completed in 1994. This indicates that LIHTC program affordable housing has been present in the city for nearly three decades. The Rowland Manor Apartments consist of 24 units, with 23 one-bedroom apartments and 1 two-bedroom apartment. This distribution suggests a focus on housing for individuals or small families.
Rowland has experienced a declining population trend over the past decade, decreasing from 2,860 residents in 2015 to 2,183 in 2022. Despite this population decline, the median income has shown some fluctuation, rising from $30,477 in 2015 to $31,949 in 2022.
The racial composition of Rowland has remained relatively stable. The Black population decreased slightly from 49% in 2015 to 43% in 2022, while the White population increased from 17% to 24% during the same period. The Native American population has maintained a significant presence, ranging from 26% to 31% over the years.
Rowland's LIHTC-funded affordable housing inventory consists of a single project completed in 1994, providing 24 low-income units. This covers a small percentage of the town's estimated housing stock but has been a consistent part of the community for nearly 30 years. The town's demographic trends show a declining population but relatively stable income levels and racial composition. The modest LIHTC investment in Rowland reflects its small size and specific housing needs, focusing primarily on one-bedroom units.
