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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Pear Orchard neighborhood in Beaumont, Texas, contains 143 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, all designated as low-income. This inventory is vital for addressing community housing needs. Based on the 2022 population of 3,815 and the national average household size of 2.61, the neighborhood has an estimated 1,462 housing units. LIHTC-funded affordable units represent approximately 9.8% of the estimated housing inventory, contributing significantly to the neighborhood's affordable housing stock, though below the 15-20% target for a well-balanced community.
LIHTC-funded affordable housing development in Pear Orchard spans nearly a decade. The earliest recorded project, Starcrest Apartments, was completed in 2002, while the most recent, Gracelake Townhomes, was finished in 2011. This indicates a sustained effort to provide affordable housing options in the area.
The 2010s saw the largest addition to the affordable housing inventory with the completion of Gracelake Townhomes in 2011. This project added 128 units, significantly increasing the neighborhood's affordable housing stock. It offers a mix of unit types, including 32 one-bedroom, 64 two-bedroom, and 32 three-bedroom units, accommodating diverse household sizes and needs.
Over the past decade, the Pear Orchard neighborhood has experienced demographic shifts. The population has generally declined, from 4,392 in 2014 to 3,815 in 2022. However, median income has shown an overall increase, rising from $23,012 in 2014 to $33,008 in 2022, with some fluctuations in between.
The racial composition of the neighborhood has remained predominantly Black, though there has been a slight decrease from 91% in 2014 to 86% in 2022. The Hispanic population has increased from 3% to 6% during this period.
These demographic trends, particularly the rising median income, may partially explain why no new LIHTC projects have been developed in the neighborhood since 2011. The increasing income levels might indicate a reduced need for additional low-income housing units in recent years.
The Pear Orchard neighborhood in Beaumont, Texas, has a notable LIHTC-funded affordable housing presence, with 143 units representing about 9.8% of the estimated housing inventory. The development of these units spans from 2002 to 2011, with Gracelake Townhomes significantly boosting the affordable housing stock in 2011. While the neighborhood has experienced some population decline over the past decade, median incomes have generally increased. This demographic shift, along with the existing affordable housing stock, may explain the lack of new LIHTC developments in recent years. The neighborhood's affordable housing inventory contributes to meeting the needs of low-income residents, though it falls short of the ideal 15-20% target for a well-balanced community.