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Affordable Housing in Cuyler/Brownville: LIHTC Impact on a Savannah 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
The Cuyler/Brownville neighborhood in Savannah, Georgia, demonstrates a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory comprises 147 total units, with 93 designated as low-income units. Based on the 2022 population of 2,634 and using the national average household size, the estimated housing units in the neighborhood are approximately 1,009. LIHTC funded affordable housing accounts for about 14.6% of the estimated housing inventory, approaching the target percentage for a well-balanced community.
The LIHTC program has made substantial investments in Cuyler/Brownville, with project tax credits totaling $1,828,282. This equates to an average federal funding of approximately $12,437 per unit in LIHTC-funded projects. The neighborhood has witnessed LIHTC developments from 2002 to 2005, indicating a consistent commitment to affordable housing during this period.
Heritage Place Apartments, completed in 2002, is the first and largest LIHTC project in the area. It contains 86 units, all of which are low-income units. The project offers a mix of one-bedroom (27 units), two-bedroom (41 units), and three-bedroom (18 units) apartments, catering to diverse household sizes. In 2005, two additional projects were completed: Heritage Corner/Heritage Row and Heritage Corner And Heritage Row Apartments, further expanding affordable housing options in the neighborhood.
The Cuyler/Brownville neighborhood has experienced some demographic shifts over the past decade. The population has remained relatively stable, with a slight decrease from 2,812 in 2015 to 2,634 in 2022. However, the median income has shown a positive trend, increasing from $20,535 in 2015 to $30,376 in 2022, representing a 48% growth over seven years.
Racial demographics have remained relatively consistent, with the Black population comprising the majority at around 91-94% throughout the decade. There has been a slight increase in the White population, from 2% in 2015 to 8% in 2022, indicating a gradual diversification of the neighborhood.
The stable population and increasing median income suggest that the existing LIHTC projects have been meeting a consistent need in the community. The rising income levels might indicate improved economic conditions for some residents, potentially reducing the demand for new affordable housing projects in recent years.
The Cuyler/Brownville neighborhood demonstrates a significant commitment to affordable housing through its LIHTC-funded projects. With 14.6% of the estimated housing inventory dedicated to affordable units, the neighborhood is approaching the target range for a well-balanced community. The LIHTC program has invested substantially in the area, with an average of $12,437 per unit in federal funding.
The existing projects, completed between 2002 and 2005, offer a range of unit sizes to accommodate various household needs. While no new LIHTC projects have been recorded in the last decade, the neighborhood has seen positive economic growth with rising median incomes. This economic improvement, coupled with a stable population, suggests that the current affordable housing stock may be adequately serving the community's needs at present.
