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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Whiteville, a city in North Carolina, has a distinct affordable housing landscape shaped by the Low-Income Housing Tax Credit (LIHTC) program. The city's LIHTC-funded affordable housing inventory comprises 290 total units, with 218 designated as low-income units. Based on the 2022 population of 9,883 and an estimated housing inventory of 3,787 units, the LIHTC-funded affordable housing represents approximately 7.7% of the city's estimated housing stock.
Whiteville has received $1,852,432 in project tax credits through the LIHTC program. With approximately 8 projects, this translates to an average federal funding of $231,554 per project and $6,388 per unit. Whiteville holds 0.42% of North Carolina's total LIHTC funding, indicating a significant contribution to the state's affordable housing efforts.
The city's involvement with LIHTC-funded affordable housing spans over two decades. The first project, Oaks Village Apartments, was completed in 1990, while the most recent, Covey Reserve Apartments, was finished in 2013. This 23-year period demonstrates a sustained commitment to affordable housing development in Whiteville.
The 2010s saw the most activity in affordable housing development, with five projects completed during this decade. Notable projects from this period include Saw Mill Apartments (2010), Covey Run Apartments II (2011), Kent Place (2011), and Covey Reserve Apartments (2013).
The LIHTC-funded housing stock in Whiteville offers a diverse range of unit types. The inventory includes 132 one-bedroom units, 102 two-bedroom units, and 2 three-bedroom units, catering to various household sizes and needs.
Over the past decade, Whiteville's population has remained relatively stable, fluctuating between 9,883 and 10,443 residents. The median income has shown some volatility, ranging from $34,143 in 2013 to $39,940 in 2017, before settling at $35,383 in 2022. This economic context underscores the continued importance of affordable housing options in the city.
Racial demographics have seen subtle shifts, with the white population decreasing slightly from 58% in 2013 to 50% in 2022, while the Black population increased from 33% to 37% during the same period. The Hispanic population has grown modestly from 3% to 4%, and there has been a notable increase in residents identifying as two or more races, rising from 1% to 6%.
Whiteville's LIHTC-funded affordable housing inventory plays a crucial role in addressing the city's housing needs. With 290 total units, including 218 low-income units, these projects contribute significantly to the city's housing diversity. The consistent development of affordable housing over more than two decades, particularly active in the 2010s, demonstrates a sustained commitment to addressing housing affordability. While demographic shifts have been modest, the stable population and fluctuating median income highlight the ongoing importance of affordable housing initiatives in Whiteville.