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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Aycock neighborhood in Greensboro, North Carolina, contains 44 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units, all designated as low-income, constitute approximately 1.67% of the estimated 2,634 housing units in the neighborhood, based on the 2022 population of 6,874 and national average household size. The LIHTC program has invested $230,931 in tax credits for affordable housing projects in Aycock, averaging $5,248 in federal funding per unit.
The neighborhood's LIHTC-funded affordable housing inventory consists of a single project, St. Leo's Place At Great Oaks, completed in 1999. This project has provided affordable housing options in Aycock for over two decades. St. Leo's Place At Great Oaks comprises 44 units, with 36 one-bedroom units and 8 two-bedroom units, indicating a focus on accommodating smaller households or individuals in need of affordable housing.
Demographic trends over the past decade show that Aycock's population has grown from 6,368 in 2013 to 6,874 in 2022, demonstrating a steady increase in residents. The median income has also risen, from $19,782 in 2013 to $25,182 in 2022. The neighborhood has maintained a predominantly Black population, ranging from 62% to 71% over the past decade, while the White population has remained relatively stable, fluctuating between 16% and 22% during this period.
These demographic trends indicate a growing and diverse community with increasing income levels. Despite the absence of new LIHTC projects in the last decade, the existing affordable housing continues to serve the neighborhood's low-income residents.
The Aycock neighborhood's single LIHTC-funded affordable housing project, St. Leo's Place At Great Oaks, has been providing 44 low-income units since 1999. Although these units represent a small percentage of the estimated housing inventory, they play a significant role in addressing affordable housing needs. The neighborhood has experienced population growth and increasing median income over the past decade, maintaining a diverse racial composition with a predominantly Black population. The LIHTC investment of $230,931, averaging $5,248 per unit, contributes to the long-term availability of affordable housing options in Aycock.