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Affordable Housing and Demographic Shifts in Clear Lake, Houston: LIHTC Projects and Population Changes
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Clear Lake, a neighborhood in Houston, Texas, has a population of 86,180 as of 2022. The area contains three Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects, providing 371 units, with 351 designated as low-income units. These LIHTC funded units represent approximately 1.1% of the neighborhood's estimated 33,019 housing units.
The LIHTC projects in Clear Lake offer various unit types, including 93 one-bedroom and 66 two-bedroom units. The earliest known completion date for a LIHTC project in the neighborhood is 2011, with the Villas At El Dorado project. This indicates that LIHTC program affordable housing has been present in Clear Lake for at least a decade.
The El Dorado Green Apartments, a notable LIHTC project, targets a special needs population. This development likely provides specific amenities and services to support residents with particular requirements.
Clear Lake's population has grown from 84,546 in 2013 to 86,180 in 2022. The median income has increased from $94,134 in 2013 to $99,116 in 2022, indicating an affluent neighborhood.
The neighborhood's racial composition has remained relatively stable. The white population decreased from 58% in 2013 to 53% in 2022, while the Hispanic population increased from 19% to 23%. The Asian and Black populations have remained stable at approximately 11% and 8% respectively.
The steady population growth and rising median income suggest that the demand for affordable housing may not be as urgent as in areas with rapid growth or declining incomes. The stable racial composition indicates that the neighborhood has maintained its diversity.
Clear Lake's LIHTC funded affordable housing inventory represents a small portion of the neighborhood's estimated housing stock at 1.1%. LIHTC projects have been developed over at least a decade, with various unit types and one project targeting special needs populations. The neighborhood's demographic trends show steady growth, increasing affluence, and stable racial diversity. These factors suggest a complex housing landscape where affordable housing needs may be influenced by the area's overall economic stability.
