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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Dwight neighborhood in New Haven, Connecticut, contains a significant amount of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory comprises 364 total units, with 250 designated as low-income units. Based on the 2022 population of 6,205 and using the national average household size, the estimated number of housing units in the neighborhood is approximately 2,377. The LIHTC funded affordable housing represents about 15.3% of the estimated housing inventory, which aligns with the target percentage for a well-balanced community.
The Dwight neighborhood has had LIHTC funded affordable housing projects since the mid-1990s. The earliest project, Central YMCA, was completed in 1994, while Kensington Square I and Kensington Square Apartments were both completed in 1996. This indicates that affordable housing has been part of the neighborhood's composition for nearly three decades.
The 1990s saw the most activity in LIHTC funded affordable housing development in Dwight. The three projects completed during this decade have contributed significantly to the neighborhood's affordable housing stock.
The inventory of LIHTC funded units in Dwight is diverse, catering to various household sizes. It includes 27 efficiencies, 52 one-bedroom units, 69 two-bedroom units, 78 three-bedroom units, and 3 four-bedroom units. This distribution suggests a focus on accommodating families of different sizes, with a particular emphasis on medium to larger households.
Over the past decade, Dwight's population has fluctuated, with a general trend of decline from 6,573 in 2013 to 6,205 in 2022. Despite this population decrease, the median income has shown an overall increase from $24,683 in 2013 to $30,398 in 2022, indicating some economic improvement in the neighborhood.
The racial composition of Dwight has remained relatively stable over the past decade. As of 2022, the neighborhood is diverse, with approximately 29% Black, 22% Hispanic, 10% Asian, and 35% White residents. This diversity suggests that the LIHTC funded housing may be serving a varied demographic.
While no new LIHTC projects have been recorded in the last decade, the existing affordable housing continues to play a crucial role in the neighborhood. The rising median income, coupled with a relatively stable racial composition, indicates that the current LIHTC inventory may still be meeting a significant portion of the affordable housing needs in Dwight.
The Dwight neighborhood in New Haven has a substantial LIHTC funded affordable housing presence, with 364 total units representing about 15.3% of the estimated housing inventory. This aligns well with the target percentage for a balanced community. The affordable housing stock, developed primarily in the 1990s, offers a range of unit sizes to accommodate diverse household needs. Despite a slight population decline over the past decade, the neighborhood has seen an increase in median income and maintained its racial diversity. The existing affordable housing continues to play a vital role in this diverse and evolving neighborhood.