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Kerrville, Texas: LIHTC Affordable Housing in a Growing City
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Kerrville, Texas, maintains a notable Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has approximately 8 LIHTC projects, totaling 336 units, all of which are designated as low-income units. This demonstrates Kerrville's commitment to providing affordable housing options for its residents.
Based on the 2022 population of 36,075 and an estimated 13,822 housing units, LIHTC-funded affordable housing units comprise approximately 2.43% of the city's estimated housing inventory. It is important to note that LIHTC is one of many programs contributing to affordable housing.
The LIHTC program has been active in Kerrville for over two decades. The earliest recorded project completion was in 1999 with Kerrville Meadows Apartments, while the most recent known completion was in 2015 with Freedoms Path At Kerrville. This 16-year span indicates a sustained effort to provide affordable housing in the city.
The 2000s appear to be the decade with the most affordable housing projects completed, with at least two known projects: Kerrville Meadows Apartments (1999) and Heritage Oaks Apartments (2001). In terms of unit types, the available data shows at least 52 one-bedroom units and 32 two-bedroom units among the LIHTC-funded projects. This mix suggests a focus on accommodating smaller households and families.
Over the past decade, Kerrville's population has shown steady growth, increasing from 32,812 in 2010 to 36,075 in 2022. The median income has also risen, from $47,929 in 2013 to $57,856 in 2022, indicating improving economic conditions for some residents. The racial composition of Kerrville has remained relatively stable, with a slight decrease in the white population (from 69% in 2013 to 66% in 2022) and a small increase in the Hispanic population (from 27% in 2013 to 29% in 2022). This demographic stability might influence the consistent need for affordable housing options.
Kerrville's LIHTC-funded affordable housing inventory represents a small but significant portion of the city's estimated housing stock. The city has maintained a consistent effort in developing affordable housing projects over the past two decades, with a mix of unit types to accommodate various household sizes. The city's growing population and rising median income suggest a potential ongoing need for affordable housing options to ensure inclusivity for all income levels.
