Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
West Sugar Creek-W T Harris Bl, a neighborhood in Charlotte, North Carolina, has a population of 8,777 as of 2022. The area contains 173 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, all designated as low-income. This represents approximately 5.1% of the neighborhood's estimated 3,363 housing units.
The LIHTC program has invested $1,321,822 in project tax credits for affordable housing in this neighborhood, averaging $7,641 per unit in federal funding. LIHTC-funded projects in the area span from 1995 to 2021, indicating a sustained commitment to affordable housing.
The 1990s saw the first LIHTC-funded projects in the neighborhood, with Pwn Mill Creek Apts and Mill Creek Apts completed in 1995. Recent developments include Rosewood Commons in 2019 and Rosewood Commons II in 2021, demonstrating ongoing investment over three decades.
The affordable housing units in the neighborhood are diverse, comprising 9 one-bedroom, 32 two-bedroom, 20 three-bedroom, and 2 four-bedroom units. This distribution suggests an effort to accommodate various family sizes within the affordable housing inventory.
The neighborhood's population has fluctuated over the past decade, reaching 8,760 in 2015, then declining before rebounding to 8,777 in 2022. The median income has shown an upward trend, increasing from $51,311 in 2013 to $57,068 in 2022, a growth of 11.2% during this period.
Racial demographics have changed significantly. The Black population increased from 57% in 2013 to 70% in 2022, while the White population decreased from 22% to 16%. The Hispanic population also decreased slightly from 14% to 9% during the same period.
The completion of two LIHTC projects in 2019 and 2021 coincides with a period of population growth and increasing median income in the neighborhood. This suggests that the affordable housing developments may have responded to the changing demographics and economic conditions of the area.
West Sugar Creek-W T Harris Bl has a significant LIHTC-funded affordable housing presence, with 173 units representing about 5.1% of the estimated housing inventory. The neighborhood has received consistent investment in affordable housing for nearly three decades, with projects from 1995 to 2021. The diverse unit sizes accommodate various household compositions. While the LIHTC-funded units contribute to the affordable housing stock, they may not fully meet the typical affordable housing needs in the area. The recent developments align with population growth and increasing median income, reflecting ongoing efforts to address affordable housing needs in a changing demographic landscape.