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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Highland, a neighborhood in St. Paul, Minnesota, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area contains 560 total units in LIHTC-funded projects, with 276 of these designated as low-income units. Based on the 2022 population of 27,551 and an estimated 10,556 housing units, the LIHTC-funded affordable housing comprises approximately 5.3% of the neighborhood's estimated housing inventory. This percentage suggests that LIHTC projects contribute to the affordable housing needs in Highland, but may not fully meet the target of 15-20% affordable housing stock typically recommended for a well-balanced community.
The LIHTC program has invested substantially in Highland, with project tax credits totaling $2,246,479. This amount translates to an average federal funding of approximately $4,012 per unit in LIHTC-funded projects. The neighborhood has experienced LIHTC-funded affordable housing development over several years, with the earliest project, Graham Place, completed in 2005, and the most recent, Fort Road Flats, in 2012. This seven-year period represents a consistent commitment to affordable housing development in Highland.
The 2000s were particularly active for affordable housing development in Highland, with three out of four projects completed during this decade. The housing mix in LIHTC-funded projects is diverse, featuring 261 one-bedroom units, 273 two-bedroom units, and 26 three-bedroom units, catering to various household sizes and needs.
One notable project, Rivercrossing, completed in 2005, specifically targets female-headed households with children and families of color. This focus addresses the unique needs of these populations, potentially providing support services and community resources tailored to their requirements.
Over the past decade, Highland's population has shown slight fluctuations, with an overall increase from 25,839 in 2014 to 27,551 in 2022. The median income has also varied, ranging from $80,717 to $89,588 during this period. Despite these changes, no new LIHTC projects have been completed since 2012, suggesting that other factors may be influencing affordable housing development in the area.
Racial demographics in Highland have remained relatively stable, with the white population consistently representing the majority at around 74-78% over the past decade. There has been a slight increase in the Black population, rising from 10% in 2014 to 14% in 2022. The Asian and Hispanic populations have remained relatively constant at around 2-3% and 3-4% respectively.
Highland's LIHTC-funded affordable housing inventory represents a significant investment in the neighborhood, providing 560 units, of which 276 are designated as low-income. While this covers about 5.3% of the estimated housing inventory, it may not fully meet the typical target for affordable housing stock. The LIHTC projects in Highland offer a mix of unit sizes, with a focus on one- and two-bedroom apartments, and include targeted housing for specific populations like female-headed households and families of color. Despite demographic changes over the past decade, including slight population growth and income fluctuations, no new LIHTC projects have been completed since 2012. This analysis highlights the contribution of LIHTC-funded projects to Highland's affordable housing landscape while indicating potential opportunities for further development to meet the community's needs.