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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Country Club Place, a neighborhood in Jackson, Mississippi, exhibits a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 274 units in LIHTC-funded projects, with 76 designated as low-income units. Based on the 2022 population of 1,344 and using the national average household size, the neighborhood is estimated to have approximately 515 housing units. LIHTC-funded affordable housing comprises about 53.2% of the estimated housing inventory, indicating a substantial contribution to the area's affordable housing needs.
The LIHTC program has invested $1,418,948 in tax credits for affordable housing projects in Country Club Place. This equates to an average federal funding of approximately $5,179 per unit across all LIHTC-funded projects in the neighborhood.
Affordable housing has been present in Country Club Place since 1987, with the earliest project located at 336 Sewanee Dr. The most recent addition to the affordable housing inventory was Keystone Estates II, completed in 2015. This 28-year span demonstrates a long-term commitment to affordable housing in the area.
The 1980s saw the highest level of affordable housing development, with three projects completed during this decade. The neighborhood's LIHTC-funded housing stock includes a variety of unit sizes, consisting of 48 one-bedroom, 105 two-bedroom, 98 three-bedroom, and 23 four-bedroom units, accommodating diverse household sizes. Notably, Keystone Estates II, completed in 2015, specifically targets veterans, addressing the unique housing needs of this population.
Over the past decade, Country Club Place has experienced fluctuations in its population, with a slight overall increase from 1,250 in 2013 to 1,344 in 2022. The median income has shown significant improvement, rising from $20,037 in 2013 to $26,453 in 2022, indicating potential economic growth in the area. The racial composition of the neighborhood has remained predominantly Black, with a slight increase in the proportion of White residents from 7% in 2013 to 10% in 2022. This relative stability in demographics suggests that the LIHTC projects have consistently served the local community's needs. The completion of Keystone Estates II in 2015 coincides with a period of relatively stable population and gradually increasing median income, potentially reflecting a response to ongoing affordable housing needs in the face of economic changes.
Country Club Place demonstrates a substantial commitment to affordable housing through its LIHTC-funded projects, which cover over half of the estimated housing inventory. The neighborhood has seen consistent investment in affordable housing over nearly three decades, with a diverse range of unit sizes to accommodate various household needs. The recent focus on veterans' housing and the correlation between demographic trends and LIHTC project completions suggest an ongoing effort to address specific community needs. While the LIHTC program has made a significant contribution, other affordable housing initiatives may also be present in the area, contributing to the overall affordable housing landscape.