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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Sunkist neighborhood in Jackson, Mississippi, features a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 79 affordable housing units, all designated as low-income units. This number is substantial considering the neighborhood's estimated population of 917 in 2022. Based on an estimated housing inventory of approximately 351 units, LIHTC-funded affordable housing comprises about 22.5% of the neighborhood's housing stock, indicating the program's substantial role in providing affordable housing options in Sunkist.
The LIHTC program has invested $750,000 in tax credits for affordable housing projects in Sunkist. This investment averages to approximately $9,494 per unit when divided by the total number of units (79), demonstrating a significant commitment to affordable housing in the neighborhood. The Valley Park Subdivision Phase I, completed in 2007, is the primary LIHTC project in Sunkist. This project has provided affordable housing options to the community for over 15 years and consists of 79 units, including 6 three-bedroom units and 2 four-bedroom units, accommodating various family sizes within the low-income population.
Sunkist has experienced demographic shifts over the past decade. The population has fluctuated, reaching a peak of 1,344 in 2016 and declining to 917 by 2022. Despite these changes, the median income has shown an overall increasing trend, rising from $38,972 in 2015 to $42,013 in 2022. Racial demographics in Sunkist have also evolved. The neighborhood has maintained a predominantly Black population, with the percentage increasing from 75% in 2013 to 87% in 2022. Concurrently, the White population decreased from 25% to 9% during the same period. Recent years have seen a small increase in racial diversity, with the emergence of a Hispanic population (2% in 2022) and residents identifying as two or more races (1% in 2022).
These demographic trends, particularly the fluctuating population and changing income levels, may influence the ongoing need for affordable housing in the neighborhood. The stable presence of LIHTC units since 2007 suggests that these affordable housing options have been consistently important for the community throughout these demographic shifts.
The Sunkist neighborhood in Jackson, Mississippi, benefits from a significant LIHTC-funded affordable housing presence, with 79 low-income units covering approximately 22.5% of the estimated housing inventory. The Valley Park Subdivision Phase I, completed in 2007, has been a longstanding contributor to affordable housing in the area. Despite demographic changes over the past decade, including population fluctuations and evolving racial composition, the LIHTC project continues to play a crucial role in meeting the community's affordable housing needs. The federal investment of $750,000 in tax credits underscores the importance of this program in supporting affordable housing initiatives in Sunkist.