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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Jefferson City, Tennessee, possesses a limited LIHTC-funded affordable housing inventory. The city's LIHTC program has produced 5 affordable housing units, all categorized as low-income units. Based on the 2022 population of 13,901 and an estimated 5,326 housing units, LIHTC-funded affordable housing represents approximately 0.09% of the city's estimated housing inventory.
Jefferson City has received $213,195 in project tax credits from the LIHTC program for affordable housing. With one project, this equates to an average federal funding of $213,195 per project and $42,639 per unit. The city accounts for 0.05% of the total state funding for LIHTC projects in Tennessee.
The LIHTC-funded affordable housing in Jefferson City consists of one project, Bradford Square Apartments, completed in 1999. This project has provided affordable housing options for over two decades. All 5 units in the LIHTC-funded project are two-bedroom units, offering accommodations for small families or individuals requiring additional space.
Jefferson City's population has fluctuated over the past decade, decreasing slightly from 13,708 in 2014 to 13,901 in 2022. The median income has shown an overall upward trend, increasing from $41,598 in 2014 to $48,793 in 2022. This rise in median income may indicate an increased need for affordable housing options for lower-income residents.
The city has maintained a predominantly white population, with a slight decrease from 90% in 2014 to 87% in 2022. The Hispanic population has increased from 3% in 2014 to 7% in 2022. These demographic shifts, although minor, could potentially influence future affordable housing needs in the city.
Jefferson City's LIHTC-funded affordable housing inventory, comprising a single project, has been a consistent presence in the community since 1999. Bradford Square Apartments provides 5 two-bedroom units for low-income residents. While the LIHTC-funded units cover only a small percentage of the city's estimated housing inventory, they represent a resource for affordable housing in the community. The city's demographic trends, including rising median income and slight shifts in racial composition, may influence future affordable housing needs and potential LIHTC developments in Jefferson City.