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LIHTC Units Relative to Household Growth

The following table illustrates the relationship of LIHTC units authorized from 1987 to 2007 to household growth over the same period.  We have also compared the total housing permits over the same period to household growth. 

How can total starts outpace household growth?  There are a variety of factors that would cause this to happen.  The first factor is housing replacement.   These housing permit totals have not been adjusted for demolitions or condemnations.  Second, there is no adjustment for second homes or vacation homes.   Third, there is always a vacancy factor in housing, since much housing development is speculative: often more housing gets built than there are households to fill them. The market will correct overbuilding after it begins to affect housing values and vacancy levels, but often supply outpaces demand significantly before the market corrects itself.

State HH growth 1987 to 2008 Total LIHTC Units 1987 to 2008 LIHTC Units as a Percent of HH Growth Total Housing Units Authorized 1987 to 2008 Total Units as Percent of HH Growth
Alabama 348,839 35,794 10.26% 418,662 120.02%
Alaska 59,047 2,798 4.74% 44,199 74.85%
Arizona 1,002,341 24,323 2.43% 1,146,489 114.38%
Arkansas 235,827 19,848 8.42% 231,641 98.22%
California 2,332,554 128,752 5.52% 3,226,588 138.33%
Colorado 654,013 20,416 3.12% 757,928 115.89%
Connecticut 124,206 12,826 10.33% 232,703 187.35%
Delaware 95,020 7,178 7.55% 123,153 129.61%
District of Columbia -9,793 7,077 -72.27% 19,037 -194.39%
Florida 2,308,908 94,918 4.11% 3,406,760 147.55%
Georgia 1,227,897 59,364 4.83% 1,625,203 132.36%
Hawaii 100,377 4,374 4.36% 146,738 146.19%
Idaho 218,146 8,070 3.70% 239,530 109.80%
Illinois 628,692 65,726 10.45% 1,073,536 170.76%
Indiana 464,422 40,009 8.61% 715,208 154.00%
Iowa 167,952 20,966 12.48% 252,315 150.23%
Kansas 184,471 23,054 12.50% 268,792 145.71%
Kentucky 336,463 29,786 8.85% 370,398 110.09%
Louisiana 109,504 49,094 44.83% 338,590 309.20%
Maine 100,443 6,487 6.46% 133,857 133.27%
Maryland 432,689 37,161 8.59% 638,498 147.57%
Massachusetts 263,498 34,148 12.96% 424,453 161.08%
Michigan 467,161 65,789 14.08% 953,804 204.17%
Minnesota 508,317 30,580 6.02% 634,014 124.73%
Mississippi 199,441 37,888 19.00% 231,124 115.89%
Missouri 413,308 36,476 8.83% 534,744 129.38%
Montana 74,114 4,750 6.41% 59,660 80.50%
Nebraska 113,088 11,823 10.45% 178,371 157.73%
Nevada 555,517 10,784 1.94% 689,796 124.17%
New Hampshire 115,379 4,528 3.92% 141,260 122.43%
New Jersey 392,382 31,453 8.02% 640,162 163.15%
New Mexico 218,405 11,669 5.34% 213,780 97.88%
New York 550,044 83,341 15.15% 958,820 174.32%
North Carolina 1,210,953 46,944 3.88% 1,513,896 125.02%
North Dakota 32,072 5,995 18.69% 62,373 194.48%
Ohio 509,739 78,948 15.49% 966,519 189.61%
Oklahoma 200,637 29,650 14.78% 242,311 120.77%
Oregon 431,480 20,239 4.69% 486,235 112.69%
Pennsylvania 493,276 61,762 12.52% 908,942 184.27%
Rhode Island 28,646 7,081 24.72% 64,652 225.69%
South Carolina 508,194 27,262 5.36% 676,664 133.15%
South Dakota 63,780 7,375 11.56% 84,708 132.81%
Tennessee 643,415 38,276 5.95% 717,504 111.51%
Texas 2,554,087 191,923 7.51% 2,685,263 105.14%
Utah 338,895 14,960 4.41% 377,238 111.31%
Vermont 51,086 5,082 9.95% 58,885 115.27%
Virginia 793,459 56,834 7.16% 1,089,616 137.32%
Washington 811,880 30,366 3.74% 934,686 115.13%
West Virginia 55,070 12,374 22.47% 80,687 146.52%
Wisconsin 489,326 37,662 7.70% 684,814 139.95%
Wyoming 37,441 4,233 11.31% 43,124 115.18%

Additional detailed analyses of the LIHTC program at the state level.

Back to main LIHTC page

 
   

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