Loading Content...
Affordable Housing in Herman Gardens: LIHTC Impact on a Detroit Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Herman Gardens, a neighborhood in Detroit, Michigan, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area has 494 units in LIHTC-funded projects, with 446 designated as low-income units. Based on the 2022 population of 1,658 and using the national average household size, the estimated housing inventory for the neighborhood is approximately 635 units. The LIHTC-funded affordable housing covers about 77.8% of the estimated housing inventory, indicating a substantial contribution to the neighborhood's housing stock.
The LIHTC program has invested significantly in Herman Gardens, with project tax credits totaling $4,887,162. This translates to an average federal funding of approximately $9,893 per unit in LIHTC-funded projects. The neighborhood has seen consistent development of affordable housing over time, with projects completed between 2010 and 2013.
The earliest LIHTC project in the data, Gardenview Estates Phase I, was completed in 2010. The most recent projects, Gardenview Estates Phase III C and D, were finished in 2013. This indicates at least a four-year period of active affordable housing development in the neighborhood. The year 2011 saw the most activity, with three projects completed: Gardenview Estates Phase II A, B, and C.
The LIHTC-funded housing in Herman Gardens offers a diverse range of unit types. The inventory includes 167 one-bedroom units, 146 two-bedroom units, 177 three-bedroom units, and 4 four-bedroom units. This distribution suggests a focus on accommodating various family sizes and living arrangements.
Over the past decade, Herman Gardens has experienced significant demographic shifts. The population has grown from 930 in 2015 to 1,658 in 2022, indicating a growing demand for housing. Median income has also increased, rising from $14,999 in 2015 to $22,842 in 2022, suggesting improving economic conditions for residents.
Racially, the neighborhood has maintained a predominantly Black population, with the percentage increasing from 76% in 2015 to 96% in 2022. This demographic consistency may have influenced the types of LIHTC projects developed to meet the specific needs of the community.
The most recent LIHTC project in the data was completed in 2013. The subsequent years have seen continued population growth and income improvements, which may have affected the need for additional LIHTC-funded housing in recent years.
Herman Gardens demonstrates a strong presence of LIHTC-funded affordable housing, covering a significant portion of the estimated housing inventory. The neighborhood saw active development of affordable housing projects between 2010 and 2013, with a diverse range of unit types to accommodate various household sizes. The area has experienced population growth and income improvements over the past decade, alongside a consistent racial demographic. These factors collectively indicate a neighborhood that has benefited from substantial LIHTC investment, potentially contributing to its demographic and economic evolution.
