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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Johnson City, located in eastern Tennessee, possesses a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city's LIHTC program has produced 761 total units, with 419 designated as low-income units. This represents approximately 2.8% of the city's estimated total housing stock of 27,373 units.
The LIHTC program in Johnson City has received $4,351,431 in project tax credits. With approximately 14 projects, this equates to an average of $310,816 in federal funding per project, or about $5,718 per unit. Johnson City holds 0.95% of Tennessee's total LIHTC funding, indicating a substantial investment in affordable housing for a city of its size.
The LIHTC program has been active in Johnson City for over three decades. The earliest recorded project, Southgate Village Apartments, was completed in 1988, while the most recent identified project, Pennington Crossing, was finished in 2013. This 25-year span demonstrates a long-term commitment to affordable housing in the city.
The 2000s saw the most significant activity in LIHTC-funded housing development. Notable projects from this period include Doe Ridge Apartments (2002), Watauga Square (2004), and multiple developments in 2006 such as Beaver Hollow, Kingston Springs, Orleans Terrace, and Plymouth Ridge.
The LIHTC-funded housing stock in Johnson City offers a diverse range of unit types. Of the 761 total units, there are 280 one-bedroom, 264 two-bedroom, 123 three-bedroom, and 2 four-bedroom units. This distribution suggests a focus on accommodating various household sizes, with a slight emphasis on smaller households.
Over the past decade, Johnson City has experienced modest population growth, increasing from 65,796 in 2013 to 71,444 in 2022. The median income has shown significant improvement, rising from $41,416 in 2013 to $55,228 in 2022, which may indicate a reducing need for affordable housing for some segments of the population.
Racial demographics have remained relatively stable, with a slight decrease in the white population from 88% in 2013 to 85% in 2022, and small increases in Asian, Black, Hispanic, and multiracial populations. This gradual diversification may influence future affordable housing needs and planning.
Johnson City's LIHTC-funded affordable housing inventory represents a small but significant portion of its housing stock. The city has consistently invested in affordable housing over three decades, with particular activity in the 2000s. The diverse unit mix caters to various household sizes, reflecting an attempt to meet different community needs. While the city's economic indicators have improved over the past decade, the steady population growth and gradual demographic shifts suggest an ongoing need for affordable housing options. The LIHTC program continues to play a crucial role in addressing this need, though other housing programs may also contribute to the city's overall affordable housing landscape.