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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Ambrige Mann neighborhood in Gary, Indiana, features a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area currently contains 124 total units in LIHTC-funded projects, with 123 designated as low-income units. Based on the 2022 population of 11,433 and using the national average household size, the estimated number of housing units in the neighborhood is approximately 4,380. LIHTC-funded affordable housing accounts for about 2.8% of the estimated housing inventory in Ambrige Mann.
Affordable housing has been a component of Ambrige Mann's landscape for over three decades. The earliest LIHTC project was completed in 1990, and the most recent in 1999. The 1990s witnessed the most significant development of affordable housing in this neighborhood. The largest project, Willows On Clark Road Apartments, was completed in 1999 and contributes 122 units to the affordable housing stock.
The LIHTC-funded projects in Ambrige Mann offer a range of unit types. There are 31 one-bedroom units, 58 two-bedroom units, 34 three-bedroom units, and 1 four-bedroom unit. This distribution indicates a focus on accommodating various family sizes within the affordable housing inventory.
Ambrige Mann has experienced demographic shifts over the past decade. The population decreased from 12,545 in 2015 to 11,433 in 2022, a decline of about 8.9%. Despite this population decrease, the median income has increased, rising from $31,351 in 2015 to $36,293 in 2022, an increase of approximately 15.8%.
The racial composition of the neighborhood has remained predominantly Black, with slight changes. The Black population percentage decreased from 92% in 2015 to 88% in 2022, while the Hispanic population increased from 5% to 9% during the same period. The White population and those identifying as two or more races have also seen small increases.
The absence of new LIHTC projects in the last decade may be partially attributed to the declining population and increasing median income. However, it is important to note that the median income, despite its growth, still indicates a potential need for affordable housing options in the area.
Ambrige Mann's LIHTC-funded affordable housing inventory, while covering a small percentage of the estimated housing stock, provides important low-income housing options. The neighborhood has experienced demographic shifts, including a decreasing population and increasing median income, which may influence future affordable housing needs. The existing LIHTC projects, primarily developed in the 1990s, offer a range of unit sizes to accommodate diverse household compositions. While no new LIHTC projects have been added recently, the economic indicators suggest an ongoing need for affordable housing options in this evolving neighborhood.