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Jackson, Michigan: LIHTC Affordable Housing Inventory and Demographic Trends
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Jackson, Michigan has a notable Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has 365 total units in LIHTC funded projects, with 356 of these designated as low-income units. Based on the estimated 12,080 housing units in the city, the LIHTC funded affordable housing covers approximately 3% of the city's housing inventory.
Jackson has received $3,056,041 in project tax credits through the LIHTC program. With approximately 24 projects, this averages to about $127,335 in federal funding per project. When considering the total units, this translates to an average of $8,373 in federal funding per unit. The city holds 1.04% of Michigan's total LIHTC funding.
The affordable housing projects in Jackson span several decades, with the earliest projects dating back to 1987 and the most recent completed in 2020. The 1980s saw the highest number of affordable housing projects completed, with 15 projects finished between 1987 and 1989. Notable projects from this period include "1003 Chittock Ave" and "1029 Maple Ave."
The LIHTC funded housing in Jackson offers a diverse range of unit types. The inventory includes 189 one-bedroom units, 121 two-bedroom units, 36 three-bedroom units, and 2 four-bedroom units. This distribution suggests a focus on accommodating smaller households and families.
Over the past decade, Jackson's population has shown a gradual decline, decreasing from 33,523 in 2013 to 31,529 in 2022. Despite this population decrease, the median income has risen from $30,553 in 2013 to $38,921 in 2022, indicating an improving economic situation for some residents.
The racial distribution in Jackson has remained relatively stable, with a slight decrease in the white population from 68% in 2013 to 65% in 2022, and a small increase in those identifying as two or more races from 3% to 7% over the same period. The Black population has remained fairly constant at around 20-22% throughout this time.
Jackson's LIHTC funded affordable housing inventory represents a small but significant portion of its housing stock. The city has consistently developed affordable housing projects over several decades, with a concentration of development in the late 1980s. While the population has been decreasing slightly, rising median incomes suggest a changing economic landscape that may influence future affordable housing needs. The diverse range of unit types in the LIHTC inventory indicates an effort to meet varied housing needs within the community.
