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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Belt Line neighborhood in Irving, Texas, contains a significant amount of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory comprises 270 total units, all designated as low-income units. This affordable housing stock addresses a substantial portion of the community's housing needs.
Based on the 2022 population of 6,380 and using the national average household size of 2.61, the estimated number of housing units in the neighborhood is approximately 2,444. The LIHTC funded affordable housing units represent about 11% of this estimated housing inventory, indicating a considerable contribution to the neighborhood's affordable housing stock.
The Belt Line neighborhood has two LIHTC funded projects: Brighton Way East and Brighton Way West. Both projects were completed in 1990, marking over three decades of affordable housing presence in the area. The 1990s were a particularly active period for affordable housing development in this neighborhood.
Brighton Way East consists of 128 units, including 6 one-bedroom, 6 two-bedroom, and 8 three-bedroom apartments. Brighton Way West offers 142 units, comprising 84 one-bedroom and 58 two-bedroom apartments. In total, the LIHTC inventory provides 90 one-bedroom, 64 two-bedroom, and 8 three-bedroom units, accommodating various household sizes and needs.
Over the past decade, the Belt Line neighborhood has experienced demographic changes. The population has increased from 5,583 in 2013 to 6,380 in 2022, indicating a steady growth in residents. Median income has also risen, from $51,778 in 2013 to $65,033 in 2022, suggesting improving economic conditions for some residents.
Race distribution trends show significant Hispanic population growth, increasing from 64% in 2013 to 79% in 2022. Concurrently, the white population decreased from 26% to 16%, while the Black population declined from 7% to 2%. The Asian population has remained relatively stable, fluctuating between 2% and 5% over the decade.
Despite these demographic changes, no new LIHTC projects have been developed in the last decade. This could be attributed to various factors, including land availability, funding priorities, or changing housing needs in the area.
The Belt Line neighborhood's LIHTC funded affordable housing inventory, established in 1990, continues to play a crucial role in providing affordable housing options. The 270 low-income units represent a significant portion of the estimated housing stock, contributing to the neighborhood's diversity and accessibility. While demographic shifts have occurred over the past decade, including population growth and changes in racial composition, the existing LIHTC projects remain an important component of the neighborhood's housing landscape. The lack of new LIHTC developments in recent years may warrant further investigation into current affordable housing needs and opportunities in the Belt Line neighborhood.