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Livingston, Montana: LIHTC-Funded Affordable Housing in a Yellowstone River Valley 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
Livingston, Montana, a city in the Yellowstone River Valley, has 82 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, with 81 designated as low-income. This comprises approximately 2.3% of the city's estimated 3,563 housing units. The city has received $267,555 in project tax credits through the LIHTC program, averaging $89,185 per project and $3,263 per unit. Livingston holds 0.15% of Montana's total LIHTC funding allocation.
The first LIHTC project in Livingston, Livingston Village, was completed in 1996, and the most recent, the Miles Building, in 2002. This six-year span represents the initial period of LIHTC-funded affordable housing development in the city. The early 2000s saw the most activity, with two projects completed during this decade.
The LIHTC inventory in Livingston includes 4 efficiencies, 61 one-bedroom units, 13 two-bedroom units, and 4 three-bedroom units. Two projects have specific target populations: Livingston Village (1996) caters to the developmentally disabled, while Timberline Apartments (2000) targets individuals with handicaps.
Livingston's population has shown slight fluctuations over the past decade, with 9,299 residents as of 2022. The median income has increased from $41,699 in 2017 to $47,136 in 2022. Racial demographics have remained relatively stable, with the white population consistently representing over 90% of residents. There has been a slight increase in diversity, with small but growing percentages of Hispanic, Black, and multiracial residents.
While no new LIHTC projects have been built in the last decade, the demographic data suggests a potentially evolving need for affordable housing. The rising median income could be masking income disparities, and the slight increase in diversity might indicate changing housing needs among different population groups.
Livingston's LIHTC-funded affordable housing inventory provides important housing options for low-income residents, including those with special needs. The city's share of state LIHTC funding is small but significant for a city of its size. The changing demographics and rising median income suggest that ongoing assessment of affordable housing needs may be beneficial for Livingston's future planning and development strategies.
