Loading Content...
Affordable Housing in Druid Hills North: A Three-Decade Presence
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Druid Hills North, a neighborhood in Charlotte, North Carolina, has maintained Low-Income Housing Tax Credit (LIHTC) funded affordable housing since 1989. The neighborhood contains 6 affordable units, all categorized as low-income. Based on the 2022 population of 867 and using the national average household size, the estimated housing inventory is approximately 332 units. LIHTC funded affordable housing comprises about 1.8% of the neighborhood's estimated housing inventory.
The LIHTC program has allocated $3,727 in tax credits for affordable housing projects in Druid Hills North. This equates to an average of about $621 in federal funding per unit. The neighborhood features three LIHTC funded projects, all completed in 1989: "Duplex-Mcarthur St" and two instances of "Duplex-Rodey Ave." These projects indicate that affordable housing has been a consistent presence in the neighborhood for over three decades. The 1980s was the most active period for affordable housing project completion in this area.
Druid Hills North has experienced demographic changes over the past decade. The population has remained relatively stable, ranging from 680 to 867 residents. Median income has shown an upward trend, increasing from $21,769 in 2013 to $36,243 in 2022. This rise in median income may partially explain the absence of new LIHTC projects in recent years.
Racial demographics in Druid Hills North have also shifted. The Black population, while still the majority, has decreased from 90% in 2013 to 75% in 2022. In contrast, the Asian population has increased significantly from 0% to 15% during the same period. The Hispanic population has grown slightly, from 1% to 4%. These changes in racial composition indicate a diversifying neighborhood.
Druid Hills North's LIHTC funded affordable housing inventory, though small, has been a constant feature since 1989. The neighborhood's demographic trends, including rising median income and increasing racial diversity, provide context for understanding the affordable housing landscape. While the LIHTC funded units represent a small portion of the estimated housing inventory, they continue to contribute to the neighborhood's housing mix. The lack of recent LIHTC developments may be influenced by the rising median income and changing demographics of the area.
