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D'Iberville's 2009 LIHTC Initiative: Assessing Affordable Housing in a Changing Demographic Landscape
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
D'Iberville, Mississippi, a city with a population of 13,764 as of 2022, encompasses an area of 10.85 square miles. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 383 total units, with 382 designated as low-income units. This LIHTC funded affordable housing represents approximately 7.3% of the city's estimated housing stock of 5,274 units.
D'Iberville has received $4,205,918 in project tax credits through the LIHTC program. With three projects, this amounts to an average of $1,401,973 in federal funding per project. The average federal funding per unit is $10,981, based on the total of 383 units in LIHTC funded projects. D'Iberville accounts for 1.55% of the total state LIHTC funding.
All three LIHTC projects in D'Iberville were completed in 2009, indicating a concentrated effort to develop affordable housing during that year. These projects are Park At Lemoyne Apt, Estates At Juan De Cuevas, and Timber Grove Apts. The affordable housing inventory in D'Iberville consists of 1 efficiency unit, 60 one-bedroom units, 167 two-bedroom units, and 48 three-bedroom units. This distribution suggests a focus on accommodating small to medium-sized families.
Over the past decade, D'Iberville's population has fluctuated, peaking at 14,590 in 2017 before settling at 13,764 in 2022. The median income has increased from $54,313 in 2015 to $59,418 in 2022, indicating a gradual improvement in economic conditions.
Racial demographics have shifted slightly, with the white population decreasing from 62% in 2015 to 65% in 2022. The Black population has increased from 13% to 17%, and the Asian population has remained relatively stable at around 9-10%. The Hispanic population has grown from 3% to 5% during this period.
The absence of new LIHTC projects since 2009 may be attributed to the rising median income and relatively stable population, which may have reduced the perceived need for additional low-income housing units.
D'Iberville's LIHTC funded affordable housing inventory, established in 2009, provides 383 units, covering 7.3% of the estimated housing stock. The city received over $4 million in tax credits, translating to substantial investments per project and unit. While demographic trends show a slight increase in median income and racial diversity, no new LIHTC projects have been developed in the last decade. This analysis provides insights into D'Iberville's affordable housing landscape and its relationship with the city's changing demographics.
