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Affordable Housing in White Bluff, Tennessee: LIHTC's Impact on a Small Town
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
White Bluff, a town in Tennessee with a population of 7,624 in 2022, has a distinct affordable housing landscape influenced by the Low-Income Housing Tax Credit (LIHTC) program. The LIHTC program has funded 50 low-income units in White Bluff, all of which are designated as affordable housing. These units represent approximately 1.71% of the town's estimated housing inventory of 2,921 units.
White Bluff has received $136,452 in project tax credits through the LIHTC program. With three approximate projects, this amounts to an average of $45,484 in federal funding per project. The average federal funding per unit is $2,729. White Bluff's share of Tennessee's total LIHTC funding is 0.03%, indicating a small but significant portion of the state's affordable housing resources.
The town's involvement with LIHTC-funded affordable housing began in 1989 with the completion of Bluff Trace Apartments. The most recent project, Cedar Pointe, was completed in 2000, encompassing over a decade of affordable housing development in White Bluff. The 1990s were the most active period for affordable housing construction, with two out of the three projects completed during this decade.
White Bluff's LIHTC-funded housing inventory comprises 32 one-bedroom units and 18 two-bedroom units. This distribution suggests a focus on smaller households, potentially serving single individuals, couples, or small families.
Demographic trends over the past decade show that White Bluff has experienced population growth, increasing from 6,541 in 2015 to 7,624 in 2022. The median income has also risen, from $44,470 in 2015 to $54,145 in 2022, indicating improving economic conditions. The racial composition has remained predominantly white, although there has been a slight increase in diversity, with the percentage of white residents decreasing from 96% in 2015 to 90% in 2022.
Despite the population growth and rising median income, no new LIHTC projects have been completed in White Bluff since 2000. This could be attributed to various factors, including changing priorities in housing development or shifts in local housing needs.
In conclusion, White Bluff's LIHTC-funded affordable housing inventory, though modest in size, has been a component of the town's housing landscape for over three decades. The focus on one and two-bedroom units reflects a specific housing need in the community. While demographic trends indicate growth and economic improvement, the absence of recent LIHTC projects suggests a potential area for future consideration in addressing ongoing affordable housing needs in this Tennessee town.
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