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Affordable Housing in Fairfield: LIHTC Impact on Milwaukee Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Fairfield, a neighborhood in Milwaukee, Wisconsin, contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. The Florist Gardens Apartments provides 8 affordable units, including 2 low-income units. Based on the 2022 population of 5,132 and an estimated 1,966 housing units, LIHTC-funded affordable housing represents approximately 0.41% of the neighborhood's estimated housing inventory.
The Florist Gardens Apartments project received $477,786 in LIHTC tax credits, averaging $59,723 per unit. Completed in 2013, it marked the introduction of LIHTC-funded affordable housing in Fairfield. The project offers an equal distribution of one-bedroom and two-bedroom units, with 4 units of each type, catering to both individuals and small families in need of affordable housing.
Since the LIHTC project's completion in 2013, Fairfield has experienced demographic changes. The population grew from 4,960 in 2013 to 5,132 in 2022. Median income has remained relatively stable, ranging between $48,765 and $60,734 over the past decade.
Racial demographics in Fairfield have shifted. The Black population increased from 43% in 2013 to 51% in 2022, while the White population decreased from 49% to 36%. The Hispanic population saw a small increase from 3% to 5%. These changes indicate a gradual diversification of the neighborhood.
Fairfield's LIHTC-funded affordable housing inventory is limited to a single project completed in 2013. This project provides some affordable units but covers a small percentage of the neighborhood's estimated housing inventory. The demographic trends over the past decade show a growing and diversifying population, potentially indicating an ongoing need for affordable housing options in the area. The stability in median income suggests that the economic conditions supporting the need for affordable housing have remained consistent since the LIHTC project was implemented.
