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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Coachlight neighborhood in Lansing, Michigan, features a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 136 affordable units, all designated as low-income. Based on the 2022 population of 1,537 and using the national average household size, the estimated total housing units in the neighborhood is approximately 589. LIHTC funded affordable housing represents about 23.1% of the estimated housing inventory, indicating a substantial contribution to the neighborhood's affordable housing needs.
The LIHTC program has invested $186,281 in tax credits for affordable housing projects in Coachlight. This equates to an average federal funding of approximately $1,370 per unit. The neighborhood's affordable housing inventory consists of a single project, Pinebrook Manor, completed in 2006. This project has provided affordable housing options in the neighborhood for over 15 years.
Pinebrook Manor comprises 136 units, equally divided between two-bedroom and three-bedroom apartments, with 68 units of each type. This distribution indicates a focus on accommodating families and larger households within the affordable housing inventory.
Coachlight has experienced demographic shifts over the past decade. The population has fluctuated, showing a general decline from 1,742 in 2014 to 1,537 in 2022. Despite this population decrease, the median income has increased significantly, rising from $23,321 in 2014 to $35,833 in 2022.
The racial composition of the neighborhood has also changed. The proportion of White residents increased from 40% in 2014 to 43% in 2022. The Black population decreased slightly from 21% to 20% during the same period. The Hispanic population experienced a substantial increase, growing from 16% in 2014 to 27% in 2022. These demographic changes may influence the ongoing need for affordable housing in the neighborhood.
The Coachlight neighborhood in Lansing, Michigan, demonstrates a significant commitment to affordable housing through its LIHTC-funded project, Pinebrook Manor. This single development provides 136 low-income units, accounting for nearly a quarter of the estimated housing inventory. The project's focus on two- and three-bedroom units suggests an emphasis on family-oriented affordable housing.
Over the past decade, the neighborhood has experienced demographic changes, including a slight population decline, a substantial increase in median income, and shifts in racial composition, particularly growth in the Hispanic population. These trends, coupled with the longstanding presence of LIHTC-funded housing since 2006, underscore the ongoing importance of affordable housing options in meeting the evolving needs of the Coachlight community.