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St. Paul, Nebraska: Affordable Housing Inventory and Demographic Trends
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
St. Paul, Nebraska, has a limited Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city contains 20 affordable units, all categorized as low-income. Based on the 2022 population of 2,846 and an estimated 1,090 housing units, LIHTC-funded affordable housing comprises approximately 1.8% of the city's estimated housing inventory.
St. Paul has received $228,201 in project tax credits through the LIHTC program. With approximately 2 projects, this equates to an average federal funding of $114,100 per project. The average federal funding per unit is $11,410. St. Paul accounts for 0.19% of the total state LIHTC funding.
The initial LIHTC project in St. Paul, St Paul Apts, was completed in 1995, while the most recent project, The Cottages, was finished in 2012. This indicates that affordable housing has been present in the city for at least 17 years. The 2010s saw the most recent affordable housing project completion.
The affordable housing inventory in St. Paul consists primarily of two-bedroom units, with 12 such units reported. The remaining 8 units do not have specified bedroom counts in the available data.
Over the past decade, St. Paul has experienced a gradual increase in population, growing from 2,457 in 2013 to 2,846 in 2022. The median income has also shown an overall upward trend, rising from $44,789 in 2013 to $53,180 in 2022, despite some fluctuations.
Regarding racial demographics, the city has maintained a predominantly white population, though there has been a slight decrease from 98% in 2013 to 88% in 2022. The Hispanic population has remained relatively stable at around 4-5% since 2016. The percentage of residents identifying as two or more races has increased from 1% in 2013 to 8% in 2022.
St. Paul's LIHTC-funded affordable housing inventory provides 20 low-income units to the community. The city has received over $228,000 in project tax credits, representing 0.19% of Nebraska's total LIHTC funding. The affordable housing stock primarily consists of two-bedroom units. Over the past decade, the city has experienced population growth and an overall increase in median income, while maintaining a predominantly white population with slight increases in diversity. These demographic trends may influence future affordable housing needs and development in St. Paul.
