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Affordable Housing in Brooklyn Center: A Decade of LIHTC-Funded Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Brooklyn Center, a city in Minnesota, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 181 total units, with 180 designated as low-income units. This comprises approximately 1.43% of the city's estimated 12,685 housing units. The LIHTC program has provided $1,238,276 in project tax credits to Brooklyn Center, averaging $619,138 per project and about $6,841 per unit. The city's share of Minnesota's total LIHTC funding is 0.42%, representing a small but notable portion of the state's affordable housing investment.
The LIHTC-funded affordable housing in Brooklyn Center spans from 2010 to 2019, with two projects completed during this period. The first project, Ewing Square Townhomes, was finished in 2010, while the most recent, The Sanctuary At Brooklyn Center, was completed in 2019. This decade saw the entirety of LIHTC affordable housing development in the city.
The affordable housing inventory in Brooklyn Center consists of 69 efficiencies, 89 one-bedroom units, 16 two-bedroom units, and 7 three-bedroom units. This distribution indicates a focus on accommodating smaller households and individuals.
Brooklyn Center's population has grown from 30,136 in 2012 to 33,109 in 2022, an increase of approximately 9.9%. The median income has risen from $56,359 in 2013 to $67,394 in 2022, suggesting improved economic conditions for some residents. The city's racial composition has become more diverse, with the white population decreasing from 43% in 2013 to 35% in 2022, while the Black population increased from 27% to 32%, and the Hispanic population grew from 10% to 15%. The Asian population remained relatively stable at around 14-16%.
The completion of The Sanctuary At Brooklyn Center in 2019 coincides with the city's growing population and increasing diversity, potentially addressing the evolving housing needs of the community. Brooklyn Center's LIHTC-funded affordable housing inventory, while modest in scale, has contributed to the city's housing diversity over the past decade. The two projects completed during this period have added 181 units to the affordable housing stock, with a strong emphasis on efficiency and one-bedroom units.
The city's changing demographics, including population growth and increasing diversity, suggest an ongoing need for affordable housing options. While the LIHTC program has played a role in addressing this need, it represents a small portion of the overall housing stock, indicating potential opportunities for further affordable housing development in Brooklyn Center.
