Loading Content...
Affordable Housing in Arlington Woods: LIHTC Impact and Demographic Shifts
_indiana%2Fen-lihtc-median-income-race-distribution-indiana-indianapolis-city-(balance)-arlington-woods.webp%3F&w=3840&q=75)
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Arlington Woods, a neighborhood in Indianapolis, Indiana, has a substantial Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The neighborhood contains 308 total units in LIHTC-funded projects, with 233 designated as low-income units. Based on the 2022 population of 8,667 and using the national average household size, the estimated housing units in the neighborhood are approximately 3,321. LIHTC-funded affordable housing comprises about 9.3% of the estimated housing inventory, indicating a significant contribution to the area's affordable housing needs.
The LIHTC program has invested $774,619 in tax credits for affordable housing projects in Arlington Woods. This equates to an average federal funding of approximately $2,515 per unit across all LIHTC-funded projects in the neighborhood. The first LIHTC project in Arlington Woods, Martin Luther King Homes, was completed in 2003, while the most recent project, Ritter Affordable Assisted Living - Oasis @ 30Th, was finished in 2015. This 12-year span demonstrates a consistent commitment to affordable housing development in the area.
The 2000s saw the most affordable housing activity, with three projects completed during this decade: Martin Luther King Homes (2003), Northampton Village (2005), and Walnut Ridge Apts (2005). The LIHTC-funded housing inventory in Arlington Woods includes a diverse mix of unit types: 8 efficiencies, 131 one-bedroom units, 107 two-bedroom units, 47 three-bedroom units, and 15 four-bedroom units. This variety caters to different household sizes and needs within the low-income population. Notably, Northampton Village, completed in 2005, targets special needs populations, likely providing specialized amenities and services to support residents with specific requirements.
Over the past decade, Arlington Woods has experienced demographic shifts. The population has remained relatively stable, with a slight increase from 8,380 in 2013 to 8,667 in 2022. Median income has shown a positive trend, rising from $25,947 in 2013 to $32,715 in 2022, indicating some economic improvement in the area.
Racial demographics have also evolved. The Black population has increased from 55% in 2013 to 65% in 2022, while the White population decreased from 38% to 19%. The Hispanic population grew from 1% to 11% during this period. These changes suggest growing diversity in the neighborhood, which may influence future affordable housing needs and designs.
The most recent LIHTC project was completed in 2015, coinciding with a period of demographic change and income growth. The lack of new LIHTC projects since then might be due to the gradual increase in median income, potentially reducing the immediate need for additional low-income housing.
Arlington Woods has a significant LIHTC-funded affordable housing presence, with projects spanning over a decade of development. The neighborhood's affordable housing stock includes a diverse range of unit types, catering to various household sizes and needs, including special needs populations. While demographic changes have occurred, including income growth and shifts in racial composition, the existing LIHTC projects continue to play a crucial role in providing affordable housing options for the community. The analysis suggests a thoughtful approach to affordable housing development in Arlington Woods, aligning with the neighborhood's evolving demographics and economic conditions.
-46278.webp%3F&w=3840&q=75)
