Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Jeffersonville, Indiana, a city with an estimated population of 50,966 as of 2022, has utilized the Low-Income Housing Tax Credit (LIHTC) program to provide affordable housing options. The city has 18 LIHTC-funded projects, offering 413 affordable housing units, of which 411 are designated as low-income units. These LIHTC-funded units represent approximately 2.1% of the city's total housing stock, based on an estimated housing inventory of 19,527 units.
The LIHTC-funded affordable housing projects in Jeffersonville span from 1990 to 2007, with the majority (14 out of 18) completed during the 1990s. Notable projects include "917 Walnut St" and "921 Watt St" (both completed in 1990), and "Prestwick Square of Jeffersonville" (completed in 1995). The housing stock offers a range of unit types, including 1 efficiency unit, 37 one-bedroom units, 250 two-bedroom units, 81 three-bedroom units, and 8 four-bedroom units.
Jeffersonville has experienced steady population growth over the past decade, increasing from 46,358 in 2014 to 50,966 in 2022. The median income has also risen from $57,902 in 2014 to $62,929 in 2022. Racial demographics have remained relatively stable, with a slight decrease in the white population (from 78% in 2014 to 75% in 2022) and small increases in other racial groups. The Hispanic population has grown from 3% to 5% during this period.
It is notable that no new LIHTC projects have been completed in Jeffersonville since 2007, despite the city's population growth. This could be attributed to various factors, including changes in local housing policies, shifts in funding priorities, or the implementation of alternative affordable housing strategies.
Jeffersonville's LIHTC-funded affordable housing inventory represents a small portion of the city's estimated housing stock. The majority of these projects were developed in the 1990s, providing a mix of unit sizes to accommodate diverse household needs. While the city has experienced population growth and rising median incomes over the past decade, there have been no new LIHTC projects since 2007. This analysis indicates that while LIHTC has contributed to Jeffersonville's affordable housing landscape, it may be part of a broader strategy to address the city's evolving housing needs.