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Affordable Housing in Frog Hollow: LIHTC's Impact on a Hartford 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
Frog Hollow, a neighborhood in Hartford, Connecticut, has a significant presence of affordable housing funded through the Low-Income Housing Tax Credit (LIHTC) program. The neighborhood contains 452 total units in LIHTC-funded projects, with 387 of these designated as low-income units. Based on the 2022 population of 8,657 and an estimated 3,317 housing units, the LIHTC-funded affordable housing comprises approximately 13.6% of the neighborhood's estimated housing inventory.
The LIHTC program has invested significantly in Frog Hollow, with project tax credits totaling $1,024,514. This equates to an average federal funding of about $2,266 per unit in LIHTC-funded projects. The neighborhood has experienced consistent development of affordable housing over three decades, with the earliest recorded project, Putnam Park Assoc, completed in 1991, and the most recent, Summit Park, in 2016.
The 1990s witnessed the most activity in affordable housing development, with projects such as Park Street Apts (1995), Park Housing (1996), and Frog Hollow Homes (1998) being completed. The 2000s continued this trend with Brick Hollow and Zion Street Mutual Housing both completed in 2006. The affordable housing inventory in Frog Hollow is diverse, featuring 174 one-bedroom units, 129 two-bedroom units, 49 three-bedroom units, and 8 four-bedroom units. This distribution accommodates various household sizes and needs within the community.
Over the past decade, Frog Hollow has experienced some demographic shifts. The population has remained relatively stable, with a slight decrease from 9,422 in 2015 to 8,657 in 2022. However, the median income has seen a notable increase, rising from $25,577 in 2015 to $34,545 in 2022, indicating an overall improvement in economic conditions for residents.
The racial composition of the neighborhood has remained predominantly Hispanic, with a slight increase from 66% in 2015 to 74% in 2022. The Black population has seen a small decrease from 21% to 15% during the same period, while the White population has remained relatively stable at around 8-11%.
Despite the increase in median income, the continued development of affordable housing projects through 2016 suggests an ongoing need for low-income housing options in the neighborhood. The stability in population and persistent demand for affordable housing indicate that LIHTC projects continue to play a crucial role in maintaining housing accessibility for Frog Hollow residents.
Frog Hollow's affordable housing landscape, shaped by LIHTC investments, covers a significant portion of the neighborhood's estimated housing inventory. The steady development of projects over three decades demonstrates a long-term commitment to affordable housing in the area. While median incomes have increased, the continued presence and development of LIHTC projects suggest an enduring need for affordable housing options. The diverse unit types available cater to various household sizes, reflecting the neighborhood's demographic composition, which remains predominantly Hispanic. These LIHTC-funded projects continue to play a vital role in maintaining housing accessibility in Frog Hollow, adapting to the neighborhood's evolving socioeconomic landscape.
