Loading Content...
Affordable Housing in White Sulphur Springs: LIHTC Impact on a Montana City's Housing Landscape
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
White Sulphur Springs, Montana, has a small inventory of affordable housing funded by the Low-Income Housing Tax Credit (LIHTC) program. The city contains 20 total units in LIHTC-funded projects, with 2 units designated as low-income. Based on the 2022 population of 1,137 and the national average household size, the estimated number of housing units in the city is 436. LIHTC-funded affordable housing represents approximately 4.6% of the estimated housing inventory.
The city has two LIHTC-funded projects: Castle Mountain Apts 1 and Castle Mountain. Both projects were completed in 2010, marking the inception of LIHTC-funded affordable housing in White Sulphur Springs. This indicates that the LIHTC program has been present in the city for over a decade.
The LIHTC inventory in White Sulphur Springs consists of 16 one-bedroom units and 4 two-bedroom units. This distribution suggests a focus on smaller households or individuals. Neither project specifies a target population, indicating they may serve a general low-income demographic.
White Sulphur Springs has experienced population fluctuations over the past decade, with the number of residents ranging from 1,059 to 1,197. The median income has shown an overall increasing trend, rising from $38,156 in 2013 to $45,769 in 2022. This growth in median income may indicate a changing economic landscape in the city.
The racial composition of White Sulphur Springs has remained predominantly white, with a slight decrease from 97% in 2013 to 95% in 2022. There has been a small increase in diversity, with slight growth in the Hispanic and Native American populations.
Despite these demographic shifts, no new LIHTC projects have been developed since 2010. This could be attributed to various factors, including changing local housing needs, availability of other affordable housing programs, or shifts in funding priorities.
White Sulphur Springs' LIHTC-funded affordable housing inventory, established in 2010, provides 20 units, which represents a small portion of the city's estimated housing stock. The existing projects focus on smaller units, primarily one-bedrooms. While the city has experienced some demographic changes over the past decade, including population fluctuations and a gradual increase in median income, the LIHTC inventory has remained stable. This analysis provides a snapshot of the LIHTC program's contribution to affordable housing in White Sulphur Springs, though it is important to note that other housing assistance programs may also be present in the city.
