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Mebane's Affordable Housing: LIHTC Program Impact and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Mebane, North Carolina, has a population of 27,406 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 229 total units, with 121 designated as low-income units. Based on the estimated housing inventory of 10,500 units, the LIHTC funded affordable housing covers approximately 2.18% of the city's housing stock.
Mebane has received $1,269,308 in project tax credits through the LIHTC program. With 4 projects, this translates to an average federal funding of $317,327 per project. The average federal funding per unit is $5,543, considering the total of 229 units in LIHTC funded projects.
Mebane holds 0.29% of North Carolina's total LIHTC funding, indicating a relatively small portion of the state's affordable housing investment. The city's LIHTC funded affordable housing spans from 1997 to 2011, with Deerfield Crossing Apartments being the first project and Mebane Mill Lofts the most recent. This 14-year period demonstrates a sustained effort in providing affordable housing options.
The 2000s saw the most affordable housing activity, with three out of four projects completed during this decade. Notable projects include Elmwood and Cedar Hill, both completed in 2008. The LIHTC funded housing inventory in Mebane consists of 47 one-bedroom units, 126 two-bedroom units, and 38 three-bedroom units, catering to various household sizes.
Over the last decade, Mebane's population has grown significantly, from 21,089 in 2013 to 27,406 in 2022, a 29.95% increase. The median income has fluctuated, rising from $57,907 in 2013 to $60,432 in 2022, a 4.36% increase. Racially, the city has become slightly more diverse. The white population decreased from 69% in 2013 to 63% in 2022, while the Black population increased from 16% to 19%. The Asian population grew from 0% to 3%, and those identifying as two or more races increased from 2% to 6%.
Despite this growth and demographic shift, no new LIHTC projects have been completed since 2011. This could suggest that other affordable housing initiatives may be addressing the city's needs, or that the existing LIHTC inventory is sufficient for the current demand.
Mebane's LIHTC funded affordable housing represents a small but significant portion of its housing stock. The city has received over $1.2 million in tax credits, supporting 229 units across four projects. While the LIHTC program has not funded new projects in the last decade, the city has experienced substantial population growth and slight increases in income and racial diversity. This analysis provides insight into Mebane's affordable housing landscape, though it is important to note that other housing programs may complement the LIHTC inventory to meet the city's evolving needs.
