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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Texas City, located in Galveston County, Texas, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 654 total units, with 437 designated as low-income units. This comprises approximately 2.87% of the city's estimated 22,772 housing units. The city has received $537,331 in project tax credits for affordable housing through the LIHTC program, distributed across approximately 6 projects. This translates to an average federal funding of $89,555 per project and $822 per unit. Texas City holds 0.46% of the total state LIHTC funding.
The LIHTC-funded affordable housing in Texas City spans nearly three decades, with the earliest project, Green Meadows Apartments, completed in 1994, and the most recent dated project, Costa Mariposa, completed in 2010. The 2000s saw the most activity in affordable housing development, with notable projects including Village At Morningstar (2006) and Mansions At Moses Lake (2009). The LIHTC-funded housing inventory in Texas City offers a diverse range of unit types, including 239 one-bedroom units, 307 two-bedroom units, 96 three-bedroom units, and 12 four-bedroom units.
Texas City has experienced steady population growth, increasing from 50,436 in 2013 to 59,434 in 2022, representing a 17.8% increase. The median income has risen from $57,356 in 2013 to $63,948 in 2022, a 11.5% increase. Racial demographics have shifted slightly, with the Hispanic population increasing from 27% in 2013 to 31% in 2022, while the white population has decreased from 44% to 39%. The Black population has remained relatively constant at around 24-25%.
Texas City's LIHTC-funded affordable housing inventory represents a small but significant portion of the city's housing stock. The city has benefited from consistent affordable housing development over nearly three decades, with a focus on diverse unit types to accommodate various household sizes. The population growth and economic changes in Texas City suggest a continued need for affordable housing options to support the community's evolving demographics.