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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Crownbrook, a neighborhood in Waterbury, Connecticut, has a modest inventory of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 13 affordable units, all of which are designated as low-income units. Based on the 2022 population of 2,699 and using the national average household size of 2.61, approximately 1,034 housing units are estimated in the neighborhood. The LIHTC funded affordable housing covers about 1.26% of the estimated housing inventory in Crownbrook.
Crownbrook's LIHTC funded affordable housing has been present since the mid-1990s. The first project, "156 Bishop St," was completed in 1995, followed by "6 Burton St" in 1996. This indicates that affordable housing has been a part of the neighborhood for nearly three decades.
The 1990s saw the most affordable housing development activity in Crownbrook, with both LIHTC projects being completed during this decade. The "156 Bishop St" project consists of 6 units, while "6 Burton St" provides 7 units. Regarding unit types, the LIHTC inventory in Crownbrook includes a diverse mix of housing options. There is 1 one-bedroom unit, 3 two-bedroom units, 8 three-bedroom units, and 1 four-bedroom unit. The majority of units (8 out of 13) are three-bedroom apartments, suggesting a focus on accommodating families.
Over the past decade, Crownbrook has experienced some demographic changes. The population has grown from 2,228 in 2013 to 2,699 in 2022, an increase of about 21%. During this same period, the median income has risen significantly from $16,715 in 2013 to $39,532 in 2022, more than doubling over the decade.
Racial demographics have remained relatively stable, with Black and Hispanic populations consistently representing the majority. In 2022, the neighborhood was 43% Black, 46% Hispanic, 7% White, 3% two or more races, and 1% Asian. The consistent racial composition suggests that the neighborhood has maintained its diversity over time.
Despite the population growth and income increase, no new LIHTC projects have been developed in Crownbrook since 1996. This could be due to various factors, including limited available land, changes in housing policy, or the possibility that other affordable housing programs may be addressing the community's needs.
Crownbrook's LIHTC funded affordable housing inventory, while modest, has been a consistent part of the neighborhood for nearly 30 years. The 13 low-income units, predominantly three-bedroom apartments, suggest a focus on family housing. Despite significant population growth and income increases over the past decade, no new LIHTC projects have been developed since 1996. The neighborhood maintains a diverse racial composition, with Black and Hispanic residents forming the majority. While LIHTC funded housing covers only a small percentage of the estimated housing inventory, it is possible that other affordable housing programs may also be contributing to meeting the community's needs.