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West Pelzer's Affordable Housing: LIHTC 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
West Pelzer, a small town in South Carolina, has a single Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project, Midway Manor Apartments, provides 48 low-income units, representing approximately 6.8% of the town's estimated 704 housing units. The project received $112,777 in tax credits, which equates to $2,349.52 per unit and constitutes 0.03% of South Carolina's total LIHTC funding allocation.
Midway Manor Apartments, completed in 2010, consists of 48 units. The unit configuration includes 1 one-bedroom unit, 38 two-bedroom units, and 9 units with unspecified configurations. This project has been the sole LIHTC-funded affordable housing in West Pelzer for over a decade.
West Pelzer's population has experienced fluctuations over the past decade, with a notable increase from 1,411 in 2019 to 1,837 in 2022. Concurrently, the median income rose from $37,400 in 2019 to $46,566 in 2022, indicating an overall improvement in economic conditions.
The town's racial demographics have undergone significant changes. The white population decreased from 91% in 2019 to 78% in 2022, while the Hispanic population increased from 3% in 2019 to 19% in 2022. These demographic shifts may have implications for future affordable housing needs in the community.
West Pelzer's LIHTC-funded affordable housing inventory, while limited to a single project, has maintained a consistent presence since 2010. The town's recent population growth, increasing median income, and changing racial demographics may influence future affordable housing needs and development initiatives in West Pelzer.
