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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Chandler, Texas, a small community with a population of 4,542 as of 2022, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The city has 184 affordable units, all designated as low-income units. Based on an estimated housing inventory of approximately 1,740 units, LIHTC funded affordable housing comprises about 10.6% of the city's housing stock.
Chandler has four LIHTC funded projects, contributing substantially to the city's affordable housing needs. The first project, South Timber Ridge Apartments, was completed in 1991, while the most recent project, Timber Ridge Apartments, was finished in 2017. This indicates that affordable housing has been part of the city's landscape for at least 26 years.
The 2010s saw the most activity in affordable housing development, with two projects completed during this decade: Silverleaf At Chandler II in 2012 and Timber Ridge Apartments in 2017. Regarding unit types, the LIHTC funded projects in Chandler include 88 one-bedroom units and 43 two-bedroom units. This distribution suggests a focus on accommodating smaller households and families.
Over the past decade, Chandler's population has fluctuated, with a notable increase from 3,985 in 2019 to 4,542 in 2022. This growth may indicate an increasing demand for housing, including affordable options.
The median income in Chandler has shown variability, declining from $60,741 in 2013 to $56,666 in 2022. This trend suggests a potential increase in the need for affordable housing options as incomes have not kept pace with inflation.
Regarding racial demographics, the city has maintained a predominantly white population, with a slight decrease from 86% in 2020 to 83% in 2022. There has been a notable increase in the Hispanic population, rising from 6% in 2020 to 11% in 2022. This shift in demographics could influence future affordable housing needs and target populations.
Chandler, Texas, has made progress in providing affordable housing through the LIHTC program, with 184 units representing about 10.6% of the estimated housing stock. The city has seen consistent development of affordable housing projects over the past three decades, with the most recent activity occurring in the 2010s. The focus on one and two-bedroom units suggests an emphasis on accommodating smaller households and families.
While the percentage of affordable housing is approaching the target range for a well-balanced city, recent population growth and income trends indicate a potential ongoing need for affordable housing options. The changing racial demographics, particularly the increase in the Hispanic population, may also influence future affordable housing requirements in Chandler.