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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Hawthorne neighborhood in Minneapolis, Minnesota, hosts a notable presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. As of 2022, Hawthorne had an estimated population of 4,731 residents. Based on national average household size, the estimated housing inventory for Hawthorne is approximately 1,813 units. The neighborhood contains 75 LIHTC-funded affordable housing units, all designated as low-income units. LIHTC-funded affordable housing comprises about 4.14% of the estimated housing inventory in Hawthorne.
The LIHTC program has allocated $673,831 in tax credits for affordable housing projects in Hawthorne. With 75 total units funded, this equates to an average federal funding of approximately $8,984 per unit. The neighborhood's LIHTC-funded affordable housing is concentrated in a single project, the Hawthorne Ecovillage, completed in 2017. This project marks the inception of LIHTC-funded affordable housing in the neighborhood.
The Hawthorne Ecovillage project offers a diverse mix of unit types to accommodate various household sizes. It includes 1 efficiency unit, 37 one-bedroom units, 19 two-bedroom units, and 9 three-bedroom units. This distribution indicates a focus on smaller households, with a significant number of units suitable for individuals or couples, while also providing options for families.
Over the past decade, Hawthorne has experienced notable demographic shifts. The population has increased from 4,213 in 2015 to 4,731 in 2022, indicating a growing demand for housing. Median income has also risen significantly, from $32,230 in 2015 to $41,714 in 2022, which may influence the need for affordable housing options.
Racial demographics have shown changes as well. The Black population has remained the largest group, increasing from 43% in 2015 to 49% in 2022. The Asian population has decreased from 19% to 12% during this period, while the White population has remained relatively stable, shifting from 19% to 17%. These demographic changes coincide with the introduction of the LIHTC-funded project in 2017, possibly reflecting an effort to address changing housing needs in the neighborhood.
The Hawthorne neighborhood's affordable housing landscape is characterized by a single LIHTC-funded project, the Hawthorne Ecovillage, which provides 75 low-income units. This project, completed in 2017, represents about 4.14% of the estimated housing inventory in the neighborhood. The diverse unit mix caters to various household sizes, with an emphasis on smaller units. The introduction of this affordable housing coincides with population growth and significant increases in median income over the past decade, as well as shifts in racial demographics. These factors collectively indicate a neighborhood experiencing change, with LIHTC-funded housing contributing to addressing evolving housing needs.