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Affordable Housing Dynamics in East Little York - Homestead: A Quarter-Century of LIHTC Presence
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The East Little York - Homestead neighborhood in Houston, Texas, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory comprises 338 total units, with 275 designated as low-income units. Based on the 2022 population of 26,433 and using the national average household size, an estimated 10,128 housing units exist in the neighborhood. LIHTC funded affordable housing represents approximately 3.3% of the estimated housing inventory in East Little York - Homestead.
LIHTC funded affordable housing has been present in East Little York - Homestead since 1995, beginning with the completion of Crofton Place Apartments. The most recent project, Crofton Apts II, was completed in 1997. This indicates that LIHTC funded affordable housing has been a component of the neighborhood for over 25 years. The 1990s experienced the most LIHTC development activity in this area.
The LIHTC inventory in East Little York - Homestead includes a variety of unit types. There are 112 one-bedroom units, 48 two-bedroom units, and 70 three-bedroom units. This diverse mix of unit sizes suggests that the affordable housing stock accommodates various household compositions, from individuals to families.
East Little York - Homestead has experienced demographic shifts over the past decade. The population increased from 23,294 in 2013 to 26,433 in 2022, indicating a growing demand for housing. Median income fluctuated, reaching a peak of $41,153 in 2017 before declining to $37,416 in 2022. This trend suggests a continuing need for affordable housing options.
The racial composition of the neighborhood has also changed. The Black population decreased from 68% in 2013 to 51% in 2022, while the Hispanic population increased from 27% to 47% during the same period. This shift in demographics may influence future affordable housing needs and cultural considerations in housing development.
Despite these demographic changes, no new LIHTC projects have been recorded in the last decade. This could be attributed to various factors, including land availability, funding priorities, or changes in local housing policies.
East Little York - Homestead's LIHTC funded affordable housing inventory covers a small portion of the estimated housing stock. The existing LIHTC projects, developed in the mid-1990s, provide a mix of unit types to serve diverse household needs. The neighborhood has experienced population growth and demographic shifts over the past decade, which may influence future affordable housing demands. While the current LIHTC inventory contributes to the neighborhood's affordable housing needs, the lack of recent LIHTC development in the context of changing demographics and fluctuating incomes suggests that additional affordable housing strategies may be worth exploring to meet the evolving needs of the community.
