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Affordable Housing in Broadway-Fillmore: LIHTC's Impact on a Changing Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Broadway-Fillmore neighborhood in Buffalo, New York, contains 111 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units constitute approximately 3% of the estimated 3,663 housing units in the neighborhood, based on the 2022 population of 9,561 and the national average household size of 2.61. The LIHTC program has provided $489,076 in tax credits for affordable housing projects in Broadway-Fillmore, averaging about $4,406 per unit.
Affordable housing has been present in this neighborhood for over two decades. The initial LIHTC project, Francis John Apts, was completed in 1998, while the most recent project, Parkview Apartments, was finished in 2017. This 19-year span indicates a consistent commitment to providing affordable housing options in the area. The 2000s experienced the most LIHTC activity in Broadway-Fillmore, with two projects completed during this decade: Francis John Apts (1998) and Sycamore Street Housing (2003).
The affordable housing inventory in Broadway-Fillmore comprises various unit types. Of the 111 total units, there are 24 efficiencies, 75 one-bedroom units, 8 two-bedroom units, and 4 three-bedroom units. This distribution suggests a focus on housing for individuals and small families.
Broadway-Fillmore has undergone significant demographic changes over the past decade. The population increased from 7,645 in 2013 to 9,561 in 2022, a 25% growth. Median income also rose from $15,755 in 2013 to $21,984 in 2022, although it remains relatively low.
The racial composition of the neighborhood has shifted notably. The Black population decreased from 63% in 2013 to 41% in 2022, while the Asian population increased from 12% to 31% during the same period. The Hispanic population grew from 2% to 9%, and the White population increased slightly from 13% to 17%. The most recent LIHTC project, Parkview Apartments, was completed in 2017, coinciding with the beginning of these demographic shifts. The changing population and increasing median income may have influenced the need for additional affordable housing options.
Broadway-Fillmore's LIHTC funded affordable housing inventory represents a small but significant portion of the neighborhood's estimated housing stock. The area has seen consistent investment in affordable housing over two decades, with projects varying in size and unit composition. The neighborhood's changing demographics, including population growth and shifts in racial composition, alongside rising median incomes, suggest an evolving community that may continue to benefit from affordable housing options. The LIHTC program has played a crucial role in providing these housing opportunities, with an average investment of over $4,000 per unit.
