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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Greater Third Ward neighborhood in Houston, Texas, has a presence of affordable housing through the Low-Income Housing Tax Credit (LIHTC) program. As of 2022, this neighborhood has a population of 16,209 and an estimated 6,210 housing units. The LIHTC program has funded 119 affordable housing units in this area, all of which are designated as low-income units. This represents approximately 1.92% of the estimated housing inventory in the Greater Third Ward.
The Greater Third Ward has three LIHTC-funded projects: Zion Gardens, Homewood At Zion, and 2222 Cleburne. Both Zion Gardens and Homewood At Zion were completed in 2012, indicating that affordable housing has been present in the neighborhood for at least a decade. The 2222 Cleburne project accounts for the majority of the affordable units, with 112 low-income units, while Zion Gardens contributes 7 units. Homewood At Zion does not have any units recorded in the provided data.
Over the past decade, the Greater Third Ward has experienced demographic shifts. The population has grown from 13,054 in 2013 to 16,209 in 2022, an increase of about 24%. During this same period, the median income has increased from $23,291 in 2013 to $46,226 in 2022. This increase in median income may affect the need for affordable housing in the area.
The neighborhood has seen a gradual shift in its racial composition. The Black population has decreased from 66% in 2013 to 60% in 2022, while the White population has increased from 13% to 17%. The Asian population has grown from 5% to 9% during this period. The Hispanic population has remained relatively stable, fluctuating between 12% and 15% over the decade.
The LIHTC projects in this neighborhood were completed in 2012, just before the period of significant income growth and demographic changes. This timing suggests that these projects were implemented in response to affordable housing needs that existed prior to the recent economic improvements in the area.
The Greater Third Ward neighborhood in Houston has a LIHTC-funded affordable housing inventory of 119 low-income units across three projects. These units represent about 1.92% of the estimated housing stock in the neighborhood. The completion of these projects in 2012 coincided with the beginning of a period of demographic changes, including population growth, increases in median income, and shifts in racial composition. The changing demographics and economic conditions of the neighborhood may have altered the landscape of housing needs since the implementation of these LIHTC projects.
