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Affordable Housing in Enid, Oklahoma: LIHTC Program's Impact on the Wheat City
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Enid, Oklahoma, a city with an agricultural background and home to Koch Industries' Fertilizer Division, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has 240 total units in LIHTC funded projects, with 212 designated as low-income units. This represents approximately 1.15% of the city's estimated 20,939 housing units.
Enid has received $2,014,516 in project tax credits for affordable housing through the LIHTC program. With approximately 6 projects, the average federal funding per project is $335,753, and the average federal funding per unit is $8,394. Enid accounts for 0.6% of Oklahoma's total LIHTC funding.
The city's LIHTC funded housing development spans nearly two decades, from 2002 to 2019. The earliest project, Pheasant Run Apartments, was completed in 2002, and the most recent, Prairie Flats, in 2019. The 2010s saw the most activity in affordable housing development, with projects such as East Side Redevelopment (2011), Enid Senior Residences (2013), and Prairie Flats (2019).
The LIHTC funded projects in Enid offer a mix of housing options, including 40 one-bedroom units, 80 two-bedroom units, and 100 three-bedroom units, catering to various family sizes and needs.
Enid's population has grown modestly, increasing from 51,169 in 2010 to 54,650 in 2022, representing a 6.8% growth. This population increase may have contributed to the continued development of affordable housing projects throughout the 2010s.
The median income in Enid has increased from $50,096 in 2013 to $55,773 in 2022. Despite this rise, the continued development of LIHTC projects suggests an ongoing need for affordable housing options in the city.
Racial demographics in Enid have shifted over the past decade. The white population has decreased from 78% in 2013 to 70% in 2022, while the Hispanic population has increased from 10% to 15% during the same period. The city has also experienced slight increases in its Asian, Black, and multiracial populations. These changing demographics may influence the need for diverse affordable housing options.
Enid's LIHTC funded affordable housing inventory represents a significant investment in addressing the city's affordable housing needs. The consistent development of LIHTC projects over nearly two decades, particularly in the 2010s, indicates an ongoing commitment to providing affordable housing options. As the city continues to grow and diversify, the LIHTC program remains an important tool in ensuring housing accessibility for Enid's low-income residents.
