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Affordable Housing in Calallen: 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
Calallen, a neighborhood in Corpus Christi, Texas, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 286 total units, with 272 designated as low-income units. This affordable housing stock represents approximately 3.25% of the estimated 8,803 housing units in the neighborhood. The percentage is below the typical target of 15-20% for affordable housing stock, though other programs may contribute to the overall affordable housing landscape.
Calallen's LIHTC funded affordable housing has been developed over time, with the earliest known project, Woodland Creek Apartments, completed in 2015, and the most recent, Calallen Apartments, finished in 2018. The 2010s saw the most LIHTC project completions in Calallen, with two known projects finished during this period. These projects have significantly contributed to the neighborhood's affordable housing inventory.
The LIHTC funded projects in Calallen vary in size, ranging from 94 to 96 units. The Calallen Apartments, completed in 2018, offers 96 total units with 82 designated as low-income units. The Woodland Creek Apartments, finished in 2015, provides 94 units, all of which are low-income units.
Over the past decade, Calallen has experienced notable demographic changes. The population has grown from 20,125 in 2010 to 22,976 in 2022, indicating a steady increase in residents. This population growth may have contributed to the need for additional affordable housing options, as reflected in the LIHTC projects completed during this period.
Median income in Calallen has fluctuated over the years, with the most recent data showing $83,579 in 2022. This represents a slight increase from $80,590 in 2013, the earliest year with available income data. The relatively high median income might suggest a need for affordable housing options for lower-income residents who may be priced out of the market-rate housing in the area.
Racial demographics in Calallen have also shifted over the past decade. The Hispanic population has grown from 46% in 2013 to 57% in 2022, while the White population has decreased from 52% to 40% during the same period. This demographic shift may influence the demand for affordable housing and the types of communities served by LIHTC projects.
Calallen's LIHTC funded affordable housing inventory, while modest in comparison to the overall housing stock, plays an important role in providing low-income housing options for the community. The neighborhood has seen the development of affordable housing projects over the past decade, coinciding with population growth and demographic changes. The continued monitoring of demographic trends and housing demands will be crucial in determining future affordable housing development in Calallen.
