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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Berclair-Highland Heights, a neighborhood in Memphis, Tennessee, has a population of 33,215 as of 2022. The area contains two Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects, providing a total of 81 units, with 9 specifically designated as low-income units. Based on the estimated housing inventory of 12,726 units, the LIHTC funded affordable housing comprises approximately 0.64% of the neighborhood's housing stock.
The LIHTC projects in Berclair-Highland Heights have received $495,062 in tax credits, averaging about $6,112 per unit across all LIHTC funded units. The first LIHTC project, Henry SFD, was completed in 1992, while the most recent, Harmony Woods Apt, was finished in 2006. This indicates that affordable housing has been present in the neighborhood for at least 14 years.
The 2000s saw the most significant addition to affordable housing in the area, with Harmony Woods Apt contributing 80 units. This project accounts for the majority of the LIHTC funded housing in the neighborhood. The housing mix in LIHTC projects consists primarily of two-bedroom (27 units) and three-bedroom (54 units) apartments, suggesting a focus on accommodating families.
Over the past decade, Berclair-Highland Heights has experienced demographic shifts. The population has remained relatively stable, with a slight increase from 31,912 in 2013 to 33,215 in 2022. Median income has shown a positive trend, rising from $31,042 in 2013 to $35,112 in 2022, indicating a gradual improvement in economic conditions.
Racial demographics have also evolved. The Hispanic population has increased from 26% in 2013 to 34% in 2022. The white population has decreased from 40% to 32% during the same period. The Black population has remained relatively stable, slightly decreasing from 30% to 29%. These changes suggest a growing diversity in the neighborhood.
The absence of new LIHTC projects in the last decade might be attributed to the rising median income, which could indicate a reduced need for additional affordable housing. However, other affordable housing programs may be addressing community needs not captured in this LIHTC data.
Berclair-Highland Heights has a modest LIHTC funded affordable housing inventory, with two projects providing 81 units, primarily built in the 1990s and 2000s. While this represents a small percentage of the estimated housing stock, other affordable housing initiatives may supplement these units. The neighborhood has experienced demographic shifts, including increased diversity and a gradual rise in median income over the past decade. These changes may influence future affordable housing needs and development in the area.