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Affordable Housing in Clinton Hill: LIHTC Impact and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Clinton Hill, a Brooklyn neighborhood, has 315 units in Low-Income Housing Tax Credit (LIHTC) funded projects, with 262 designated as low-income units. These units represent approximately 3.1% of the estimated 10,110 housing units in the neighborhood, based on the 2022 population of 26,386. The LIHTC program has invested $3,990,217 in tax credits in Clinton Hill, averaging about $12,667 per unit in LIHTC-funded projects.
The development of LIHTC-funded affordable housing in Clinton Hill spans over two decades, from the Parc Vendome project in 1991 to Greene Avenue Senior in 2013. The most active period for LIHTC-funded housing development was during the 2000s and early 2010s, with notable projects including Strong (2003), Quincy 15 (2008), and both Putnam Court and Greene Avenue Senior in 2013.
The LIHTC-funded housing inventory in Clinton Hill offers a range of unit types, including 63 efficiencies, 59 one-bedroom units, and 24 two-bedroom units. This distribution suggests a focus on accommodating smaller households, potentially single residents or couples.
Clinton Hill has experienced significant demographic changes over the past decade. The population increased from 24,306 in 2013 to 26,386 in 2022. The median income rose from $90,612 in 2013 to $105,918 in 2022, indicating potential gentrification pressures.
The racial composition of the neighborhood has also shifted. The percentage of Black residents decreased from 36% in 2013 to 26% in 2022, while the White population increased from 38% to 47% during the same period. The Asian and Hispanic populations have remained relatively stable.
These demographic trends, particularly the rising median income and changes in racial composition, may indicate evolving housing needs in the neighborhood. The absence of new LIHTC projects since 2013 could be related to these demographic changes, potentially reflecting a shift in housing priorities or development focus in the area.
Clinton Hill's LIHTC-funded affordable housing inventory represents a small but significant portion of the neighborhood's estimated housing stock. The program has provided substantial investment over two decades, resulting in a diverse range of affordable units. However, the neighborhood has experienced significant demographic changes in recent years, including population growth, rising incomes, and shifts in racial composition. These changes may be influencing the current affordable housing landscape and future development priorities in Clinton Hill.
