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Aurora, Nebraska: Three Decades of LIHTC-Funded Affordable Housing Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Aurora, Nebraska, a city with a population of 5,374 as of 2022, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 50 units, of which 46 are designated as low-income units. This represents approximately 2.4% of the city's estimated 2,059 housing units.
Aurora has received $665,077 in project tax credits through the LIHTC program. With approximately six projects, this amounts to an average federal funding of $110,846 per project and $13,302 per unit. The city accounts for 0.56% of the total state funding for LIHTC projects in Nebraska.
The city's involvement with LIHTC projects spans at least 25 years, with the first project, Pioneer Apts, completed in 1989, and the most recent, Cottage Park, finished in 2014. The 2010s saw the most affordable housing development, with two projects completed: Robin Estates in 2010 and Cottage Park in 2014.
The LIHTC funded projects in Aurora include at least 16 three-bedroom units, addressing the needs of larger families or households. Data on other unit sizes is not available.
Aurora's population has increased slightly over the past decade, from 5,160 in 2017 to 5,374 in 2022. The median income has also risen, from $62,679 in 2017 to $67,859 in 2022, indicating improved economic conditions. The racial composition has remained relatively stable, with a predominantly white population (95% in 2022) and a small increase in residents identifying as two or more races (from 0% in 2017 to 2% in 2022).
Aurora's LIHTC funded affordable housing inventory, while modest, has developed over several decades. The city has received significant federal funding for these projects, which cover a small portion of the estimated housing stock. The focus on three-bedroom units suggests an effort to accommodate larger households. The slight increases in population and median income, along with the stable racial composition, provide context for the affordable housing landscape in Aurora.
