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Affordable Housing in Fair Haven Heights: LIHTC Projects and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Fair Haven Heights, a neighborhood in New Haven, Connecticut, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area has 146 total units in LIHTC-funded projects, with 141 of these designated as low-income units. This inventory addresses the affordable housing needs of the community.
Based on the 2022 population of 11,327 and using the national average household size of 2.61, there are approximately 4,340 housing units in the neighborhood. The 141 low-income units represent about 3.25% of the estimated housing inventory, indicating that LIHTC-funded affordable housing covers a small but significant portion of the neighborhood's housing stock.
The LIHTC projects in Fair Haven Heights have received $1,889,792 in tax credits. With 146 total units, this translates to an average federal funding of approximately $12,944 per unit. This investment demonstrates a substantial commitment to affordable housing in the area.
The neighborhood has seen LIHTC-funded affordable housing projects completed in 2010 and 2012. Eastview Terrace, completed in 2010, was the first project, followed by Fair Haven Mutual Housing in 2012. This indicates that affordable housing has been a focus in the neighborhood for over a decade.
The 2010s were the most active decade for LIHTC-funded affordable housing in Fair Haven Heights, with both projects completed during this period. The housing inventory includes a mix of unit sizes, with 17 one-bedroom, 59 two-bedroom, 43 three-bedroom, and 9 four-bedroom units. This diverse range of unit sizes suggests an effort to accommodate various household compositions and needs.
Over the past decade, Fair Haven Heights has experienced demographic shifts. The population increased from 10,579 in 2010 to 11,327 in 2022, indicating a growing demand for housing. The median income rose from $55,059 in 2013 to $60,810 in 2022, suggesting a slight improvement in economic conditions.
Racial demographics have also shifted. The white population decreased from 54% in 2013 to 40% in 2022, while the Hispanic population increased from 24% to 35%, and the Black population grew from 15% to 21%. These changes reflect an increasing diversity in the neighborhood, which may influence future affordable housing needs.
The completion of LIHTC projects in 2010 and 2012 aligns with the period of population growth, suggesting a proactive approach to addressing increased housing demand. However, the lack of new LIHTC projects since 2012 may indicate a need for reassessment of current affordable housing needs given the continuing demographic changes.
Fair Haven Heights has a modest but important inventory of LIHTC-funded affordable housing, representing about 3.25% of the estimated housing stock. The neighborhood saw significant investment in affordable housing in the early 2010s, with two projects adding 146 units to the community. The diverse mix of unit sizes suggests an effort to meet varied housing needs. While demographic shifts continue, including population growth and increasing diversity, the lack of recent LIHTC projects may warrant a reevaluation of current affordable housing needs in the neighborhood.
