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Brookhaven's Affordable Housing: A Three-Decade Commitment to LIHTC Projects
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Brookhaven, Mississippi, a small city founded in 1818, had an estimated population of 19,486 in 2022. The Low-Income Housing Tax Credit (LIHTC) program has funded two affordable housing projects in Brookhaven, providing 96 affordable units, all designated as low-income. These units represent approximately 1.29% of the city's estimated 7,466 housing units.
LIHTC-funded affordable housing has been present in Brookhaven for over three decades. Brooks Apartments, completed in 1991, and Brookhaven Apartments, finished in 1996, were both developed during the 1990s. Brooks Apartments offers 48 units, including 4 two-bedroom and 8 three-bedroom apartments. Brookhaven Apartments provides 48 two-bedroom units. In total, LIHTC-funded projects in Brookhaven offer 52 two-bedroom units and 8 three-bedroom units.
Brookhaven's population has remained relatively stable over the past decade, with minor fluctuations. The median income has varied, peaking at $46,411 in 2019 before declining to $39,934 in 2022. This recent decrease in median income may indicate a growing need for affordable housing options.
The racial composition of Brookhaven has remained relatively consistent over the past decade. The white population increased slightly from 53% in 2013 to 56% in 2022, while the Black population decreased from 45% to 41% during the same period. The city has also experienced a small increase in Hispanic and multiracial populations, each reaching 1% by 2022.
Although no new LIHTC projects have been built in Brookhaven in the last decade, the demographic data suggests a potential ongoing need for affordable housing, particularly given the recent decline in median income. It is important to note that other affordable housing programs may be addressing these needs beyond the LIHTC-funded projects.
Brookhaven's LIHTC-funded affordable housing inventory consists of two projects totaling 96 units, all designated as low-income. These projects, completed in the 1990s, provide a mix of two- and three-bedroom apartments. While the LIHTC-funded units cover only a small percentage of the city's estimated housing stock, they have been a consistent part of the community for over three decades. Recent demographic trends, including a decline in median income, suggest that the need for affordable housing may be ongoing in Brookhaven. A comprehensive assessment of the city's affordable housing landscape would require consideration of additional housing programs and initiatives beyond the LIHTC-funded projects.
