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Affordable Housing in Burleson: LIHTC's Role in a Growing Texas City
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Burleson, Texas, a city with a population of 68,249 as of 2022, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 185 units. These units, all designated as low-income, are distributed across approximately 4 LIHTC-funded projects. The LIHTC-funded affordable housing represents about 0.71% of the city's estimated housing stock of 26,149 units, indicating a small contribution to the overall affordable housing needs in Burleson.
The LIHTC-funded projects in Burleson include a variety of unit types, with 22 one-bedroom units and 46 two-bedroom units recorded. The configurations of the remaining units are not specified in the available data. Notable projects include Crestmoor Park South Apts, completed in 2010, and Mariposa At Elk Drive, finished in 2015. These projects suggest that affordable housing development has been ongoing in Burleson for at least five years, with the most recent recorded completion in 2015.
The 2010s witnessed the most LIHTC-funded affordable housing activity in Burleson, with at least two projects completed during this decade. This indicates a focus on expanding affordable housing options in the city during that period.
Burleson has experienced steady population growth over the past decade, increasing from 57,268 in 2013 to 68,249 in 2022, representing a growth of approximately 19% over nine years. The median income in the city has shown an upward trend, rising from $77,249 in 2013 to $79,740 in 2022, with some fluctuations.
The racial composition of Burleson has been changing gradually. The white population has decreased from 83% in 2013 to 70% in 2022, while the Hispanic population has increased from 12% to 20% during the same period. The Black population has also seen a slight increase from 2% to 4%. These demographic shifts, particularly the growing population and changing racial composition, may indicate an evolving need for diverse and affordable housing options in the city.
Burleson's LIHTC-funded affordable housing inventory represents a small portion of the city's estimated housing stock. The city has seen some affordable housing development in the 2010s, with projects like Crestmoor Park South Apts and Mariposa At Elk Drive contributing to the inventory. The demographic trends, including population growth and increasing diversity, suggest an ongoing need for affordable housing options in Burleson. As the city continues to grow and change, monitoring the affordable housing inventory and its alignment with community needs will be crucial for ensuring housing accessibility for all residents.
