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Affordable Housing in Highbridge: LIHTC's Impact on a Bronx 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
Highbridge, a neighborhood in the Bronx, New York, contains 2,894 units in Low-Income Housing Tax Credit (LIHTC) funded projects, with 2,644 designated as low-income units. This inventory plays a crucial role in meeting community needs. Based on the 2022 population of 39,426 and the national average household size of 2.61, Highbridge has an estimated 15,106 housing units. LIHTC-funded affordable housing represents approximately 19.2% of this estimated housing inventory, aligning with targets for a balanced community.
The LIHTC program has invested $36,109,174 in tax credits in Highbridge, averaging about $12,477 per unit in LIHTC-funded projects. This demonstrates a substantial commitment to affordable housing in the area. Affordable housing has been a feature of Highbridge since 1991, with the most recent recorded project completed in 2019, indicating nearly three decades of continuous affordable housing development.
The 2000s saw significant affordable housing development in Highbridge. Notable projects from this period include Highbridge Catch (2003), Macombs Road Apts (2004), and Jesup Heights Apts I and II (2006 and 2008 respectively). Highbridge's LIHTC-funded housing stock offers a range of unit types, including 431 efficiencies, 836 one-bedroom units, 990 two-bedroom units, 254 three-bedroom units, and 3 four-bedroom units, catering to various household sizes and needs.
One project, Woodycrest House, completed in 2006, targets individuals with AIDS/HIV, addressing unique housing needs of this population. Highbridge has experienced demographic shifts over the past decade. The population increased from 37,964 in 2013 to 39,426 in 2022. Median income rose from $24,009 in 2013 to $32,250 in 2022, potentially indicating improving economic conditions for some residents.
The racial composition of Highbridge has remained relatively stable. The Hispanic population decreased slightly from 65% in 2013 to 61% in 2022, while the white population increased from 1% to 3%. The Black population remained relatively constant at around 32-33%. Despite the increase in median income, the continued development of LIHTC projects through 2019 suggests an ongoing need for affordable housing.
Highbridge demonstrates a robust LIHTC-funded affordable housing inventory, accounting for approximately 19.2% of the estimated housing stock. This aligns with recommended targets for affordable housing. The neighborhood has benefited from nearly three decades of continuous affordable housing development, with significant activity in the 2000s. The diverse range of unit types and specialized housing for populations like those with AIDS/HIV indicate efforts to meet varied community needs. While economic indicators such as median income have improved over the past decade, the ongoing development of LIHTC projects suggests a persistent demand for affordable housing in Highbridge.
