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Affordable Housing in East Williamsburg: LIHTC Impact and Ex-Offender Reintegration
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
East Williamsburg, a neighborhood in Brooklyn, New York, contains a significant amount of affordable housing funded by the Low-Income Housing Tax Credit (LIHTC) program. The neighborhood has 835 total units in LIHTC-funded projects, with 525 designated as low-income units. This represents approximately 2.68% of the neighborhood's estimated housing stock of 31,167 units.
The LIHTC program has invested $6,467,389 in project tax credits in East Williamsburg, averaging $7,745 per unit in LIHTC-funded projects. The neighborhood's affordable housing development spans nearly three decades, with the earliest LIHTC project completed in 1989 and the most recent in 2018. This demonstrates a long-term commitment to affordable housing in the area.
The 1990s were particularly active for affordable housing development in East Williamsburg, with several projects completed during this period. The LIHTC-funded housing stock in the neighborhood is diverse, consisting of 39 efficiencies, 141 one-bedroom units, 333 two-bedroom units, 117 three-bedroom units, and 3 four-bedroom units, accommodating various household sizes and needs.
A notable recent project is the 695 Grand Street Project, completed in 2018, which targets ex-offenders. This specialized housing aims to support the reintegration of formerly incarcerated individuals into the community, addressing a unique and often underserved population.
East Williamsburg has experienced demographic changes over the past decade. The population increased from 75,729 in 2013 to 81,347 in 2022, indicating growing housing demand. Median income rose from $39,964 in 2013 to $60,438 in 2022, potentially impacting affordable housing needs. Racial demographics remained relatively stable, with a slight increase in the Asian population (from 5% to 7%) and a decrease in the Hispanic population (from 32% to 27%) between 2013 and 2022. The white population maintained a majority, growing slightly from 56% to 57%.
East Williamsburg's LIHTC-funded affordable housing inventory comprises a small but significant portion of its estimated housing stock. The neighborhood has experienced consistent affordable housing development over nearly three decades, with a diverse range of unit types. The recent focus on specialized housing, such as the project for ex-offenders, indicates an evolving approach to addressing specific community needs. While demographic trends show increasing population and rising median income, the continued development of LIHTC projects suggests an ongoing commitment to maintaining affordable housing options in this Brooklyn neighborhood.
