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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
St. Ignatius, Montana, a small town with an estimated population of 1,496 in 2022, has a distinct affordable housing situation influenced by the Low-Income Housing Tax Credit (LIHTC) program. The town has one LIHTC-funded project providing 8 affordable housing units, all of which are designated as low-income units.
Based on the estimated housing inventory of approximately 573 units, the LIHTC-funded affordable housing comprises about 1.4% of the town's housing stock. This percentage indicates that while LIHTC contributes to affordable housing in St. Ignatius, it may only address a small portion of the potential need for affordable options in the community.
The LIHTC program has allocated $10,567 in tax credits to St. Ignatius for affordable housing development. This amount equates to an average of $10,567 per project and $1,321 per unit in federal funding. St. Ignatius accounts for 1% of Montana's total LIHTC funding, signifying a relatively small share of the state's affordable housing resources.
The sole LIHTC-funded project in St. Ignatius is the Maxwell Senior Apartments, completed in 2000. This development has been offering affordable housing options for over two decades, demonstrating a sustained commitment to addressing housing needs in the community.
The Maxwell Senior Apartments consists of 8 units, equally divided between one-bedroom and two-bedroom apartments. This configuration suggests a focus on accommodating smaller households, potentially serving seniors or small families in need of affordable housing options.
St. Ignatius has experienced population fluctuations over the past decade, with an overall growth trend from 1,060 residents in 2010 to 1,496 in 2022. The median income has also shown variability, ranging from a low of $25,216 in 2016 to a high of $40,711 in 2021, before settling at $32,719 in 2022. This income fluctuation may indicate ongoing economic challenges for some residents, potentially influencing the demand for affordable housing.
Racial demographics in St. Ignatius show a significant Native American population, consistently representing around 40-50% of the town's residents over the past decade. The white population has fluctuated between 36-45% during the same period. This diverse racial composition may have implications for culturally sensitive affordable housing needs and community development strategies.
St. Ignatius' affordable housing landscape is characterized by a single LIHTC-funded project that has been serving the community for over 20 years. While this project contributes to the town's affordable housing stock, the relatively small number of units compared to the estimated housing inventory suggests that additional affordable housing initiatives may be necessary to meet the community's needs. The town's demographic trends, including population growth and income fluctuations, coupled with its diverse racial composition, underscore the importance of continued attention to affordable housing strategies in St. Ignatius.