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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
East Cesar Chavez, a neighborhood in Austin, Texas, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The neighborhood contains 528 total LIHTC units, with 498 designated as low-income. This represents approximately 37.8% of the estimated 1,395 housing units in the area, indicating a substantial presence of affordable housing options.
The LIHTC projects in East Cesar Chavez have received $1,072,039 in project tax credits, averaging about $2,030 per unit. Affordable housing development in the area spans at least 18 years, with the earliest recorded project completed in 1988 and the most recent documented project finished in 2006. The 2000s saw significant development, including the completion of Villas On Sixth in 2006.
LIHTC-funded projects in East Cesar Chavez offer diverse housing options, including 90 one-bedroom units, 101 two-bedroom units, 54 three-bedroom units, and 4 four-bedroom units. This distribution accommodates various household sizes, from individuals to larger families.
East Cesar Chavez has experienced notable demographic shifts over the past decade. The population grew from 3,065 in 2013 to 3,640 in 2022, an 18.8% increase. Concurrently, the median income rose from $45,141 in 2013 to $78,288 in 2022, a 73.4% increase.
The racial composition of the neighborhood has changed significantly. The Hispanic population decreased from 64% in 2013 to 18% in 2022, while the White population increased from 31% to 67%. The Black population initially increased from 4% to 15% between 2013 and 2020 but decreased to 5% in 2022. The Asian population grew steadily from 1% to 7% over the decade.
These demographic changes, particularly the significant increase in median income and shift in racial composition, suggest a trend of gentrification in East Cesar Chavez. This may explain the absence of new LIHTC projects in recent years, as the neighborhood's socioeconomic profile has changed, potentially reducing the perceived need for additional affordable housing.
East Cesar Chavez has a substantial LIHTC-funded affordable housing inventory, covering nearly 38% of the estimated housing units. The neighborhood has seen affordable housing development for at least 18 years, with projects offering a range of unit sizes. However, the area has undergone significant demographic changes in the past decade, including population growth, a substantial increase in median income, and shifts in racial composition. These changes may have implications for future affordable housing needs and development in the neighborhood.