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Mount Pleasant, Texas: Three Decades of LIHTC Affordable Housing Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Mount Pleasant, Texas, has maintained a presence of affordable housing through the Low-Income Housing Tax Credit (LIHTC) program. The city's LIHTC-funded affordable housing inventory comprises 76 total units, all designated as low-income units. Based on the 2022 population of 21,460 and an estimated 8,222 housing units, LIHTC-funded affordable housing represents approximately 0.92% of the city's estimated housing inventory.
Mount Pleasant has four LIHTC-funded affordable housing projects. The earliest known project completion was in 1993 with the Mt Pleasant Seniors Apts, followed by Woodland Apts in 1994. This indicates that affordable housing has been present in the city for at least three decades. The 1990s saw the most affordable housing activity, with two known project completions during this period.
The housing inventory includes a mix of unit sizes, with 36 one-bedroom units, 38 two-bedroom units, and 2 three-bedroom units. This distribution suggests a focus on accommodating smaller households and families.
Over the past decade, Mount Pleasant's population has shown fluctuations, peaking at 22,691 in 2017 and declining to 21,460 by 2022. Despite these changes, the median income has steadily increased from $44,844 in 2013 to $51,579 in 2022, indicating an overall improvement in economic conditions.
The racial composition of Mount Pleasant has remained relatively stable, with a slight increase in the Hispanic population from 49% in 2013 to 51% in 2022. The White population decreased slightly from 38% to 35% during the same period, while the Black population remained steady at around 11-12%.
Mount Pleasant's LIHTC-funded affordable housing inventory, while modest in scale, has been a consistent presence in the city for nearly three decades. The 76 low-income units contribute to addressing affordable housing needs, though they represent a small fraction of the city's estimated housing stock. The mix of unit sizes suggests an effort to accommodate diverse household compositions. The city's demographic trends, including a rising median income and stable racial composition, may influence future affordable housing needs and development strategies.
