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Affordable Housing in St. Pierre, Montana: LIHTC Impact on a Small Native American Community
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
St. Pierre, Montana is a small community with a specific affordable housing landscape. The city has one Low-Income Housing Tax Credit (LIHTC) funded project, providing 33 affordable housing units. Based on the estimated housing inventory of approximately 225 units, the LIHTC-funded affordable housing comprises about 14.7% of the city's housing stock.
The LIHTC program has invested $6,845,524 in tax credits for affordable housing development in St. Pierre. This equates to an average federal funding of $207,440 per unit. St. Pierre's LIHTC funding represents 3.72% of the total state credits, a substantial portion for a small community.
The single LIHTC project in St. Pierre, Chippewa Cree Homes I, was completed in 2016. This development has provided affordable housing options to the community. The project consists of 33 units, with 12 three-bedroom and 21 four-bedroom units, accommodating families of various sizes.
Demographic trends over the past decade reveal specific patterns. The population has fluctuated, with an overall increase from 584 in 2013 to 587 in 2022. Median income has decreased, declining from $45,803 in 2013 to $32,984 in 2022. This reduction in median income may indicate an increased need for affordable housing options in the community.
Racial distribution data indicates that St. Pierre has a predominantly Native American population, consistently comprising approximately 90% of the total population throughout the past decade. This demographic composition may have influenced the development of LIHTC-funded housing in the area, as Native American communities often face particular housing challenges.
In conclusion, St. Pierre's LIHTC-funded affordable housing project represents a significant investment in the community's housing infrastructure. The single project completed in 2016 provides a substantial number of affordable units relative to the city's size. While the current affordable housing stock approaches the target percentage for a balanced city, the declining median income trend suggests that ongoing attention to affordable housing needs may be necessary in the future.
