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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Rupert, Idaho, a city with a population of 8,315 as of 2022, has 48 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units constitute approximately 1.5% of the city's estimated 3,186 housing units. The LIHTC program has provided $282,762 in project tax credits for affordable housing in Rupert, averaging $141,381 per project and $5,891 per unit. Rupert's share of the total state LIHTC funding is 0.35%.
The city's LIHTC projects span a decade, with the first project, Southwood, completed in 2012, and the most recent, Valley Park, finished in 2015. The LIHTC funded housing in Rupert consists of 40 two-bedroom units, 6 one-bedroom units, and 2 three-bedroom units, with no efficiencies or four-bedroom units reported.
Rupert's population has grown by approximately 15% from 2010 to 2022, increasing from 7,207 to 8,315. The median income has also risen from $42,068 in 2013 to $47,932 in 2022, indicating an upward trend in economic conditions. The racial composition of Rupert has remained relatively stable, with the white population comprising 55% and the Hispanic population 41% in 2022.
The completion of LIHTC projects in 2012 and 2015 aligns with a period of population growth and increasing diversity in Rupert. The LIHTC funded affordable housing represents a small but significant portion of the city's housing inventory. While these 48 low-income units contribute to addressing affordable housing needs, they represent a relatively small percentage of the estimated housing stock.
The demographic trends in Rupert, including population growth and increasing median income, may influence future affordable housing needs in the city. The LIHTC program's impact on Rupert's housing landscape, while notable, suggests potential for further development to meet the evolving needs of the growing population.