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Affordable Housing in Brooklawn/St. Vincent's: LIHTC's Long-term Impact on Bridgeport 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 Brooklawn/St. Vincent's neighborhood in Bridgeport, Connecticut, contains 101 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units, all designated as low-income, address a portion of the community's housing needs. Based on the 2022 population of 28,918 and the national average household size of 2.61, the neighborhood is estimated to have approximately 11,080 housing units. LIHTC-funded affordable housing represents about 0.91% of this estimated housing inventory.
The LIHTC program has invested $250,121 in tax credits for affordable housing projects in this neighborhood. This investment translates to an average federal funding of approximately $2,476 per unit. The neighborhood's LIHTC-funded affordable housing development spans from 1988 to 2009, with two notable projects: "2450 Main St" completed in 1988, and "Bridgeport Elderly Apts" finished in 2009. This 21-year span indicates a long-term commitment to affordable housing in the area.
The housing inventory primarily consists of one-bedroom units, with 85 such units in the Bridgeport Elderly Apts project. This composition suggests a focus on housing for smaller households or potentially senior citizens, given the project's name.
Over the past decade, the neighborhood has experienced demographic shifts. The population has grown from 26,101 in 2013 to 28,918 in 2022, indicating an increasing demand for housing. Median income has fluctuated, peaking at $64,681 in 2021 before decreasing to $58,990 in 2022. This recent decline in median income could potentially increase the need for affordable housing options.
Racial demographics have also changed. The white population increased from 34% in 2013 to 40% in 2022, while the Black population decreased from 25% to 17%. The Hispanic population experienced a slight decrease from 35% to 27%. The Asian population grew from 2% to 9% during this period. These shifts in racial composition may influence future affordable housing needs and strategies.
The Brooklawn/St. Vincent's neighborhood has a small but significant LIHTC-funded affordable housing inventory, with 101 units dedicated to low-income residents. The development of these projects spans over two decades, demonstrating a long-term commitment to affordable housing. The focus on one-bedroom units suggests a targeted approach to housing smaller households or potentially elderly residents. While the LIHTC-funded units represent a small percentage of the estimated total housing stock, they play a crucial role in providing affordable options. Recent demographic trends, including population growth and fluctuations in median income, may influence future affordable housing needs in the neighborhood.
