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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Huntridge neighborhood in Las Vegas, Nevada, has a LIHTC-funded affordable housing presence. As of 2022, the neighborhood population was 15,912. The LIHTC program has funded 66 total units in the area, with 65 designated as low-income units. Based on the estimated housing inventory of 6,097 units, LIHTC-funded affordable housing comprises approximately 1.1% of the neighborhood's housing stock.
The LIHTC program has invested $989,006 in tax credits for affordable housing in Huntridge. This equates to an average federal funding of $14,985 per unit. The neighborhood's LIHTC-funded affordable housing inventory consists primarily of one-bedroom units, with 46 such units available. There are also 2 two-bedroom units, providing options for slightly larger households.
The most recent LIHTC project in Huntridge is City Impact, completed in 2019. This project represents the entirety of the neighborhood's LIHTC-funded affordable housing inventory, indicating a recent introduction of this type of affordable housing to the area.
Over the past decade, Huntridge has experienced demographic shifts. The population increased from 14,955 in 2012 to 15,912 in 2022, indicating moderate growth. Median income fluctuated, rising from $46,423 in 2013 to $50,607 in 2022, with a notable increase to $62,687 in 2021.
Racial demographics have evolved. The Hispanic population has remained the largest group, maintaining approximately 60% of the total population throughout the decade. The white population decreased from 30% in 2013 to 22% in 2022, while other racial groups have seen slight increases. The black population grew from 2% in 2013 to 7% in 2022.
The introduction of the City Impact project in 2019 coincides with a period of population growth and income fluctuation in the neighborhood. This suggests that the LIHTC project may have been a response to changing housing needs in the area.
The Huntridge neighborhood in Las Vegas has a modest LIHTC-funded affordable housing presence, with 66 units completed in 2019. This represents a small percentage of the estimated housing stock, but it is a recent addition that may reflect evolving community needs. The neighborhood has experienced moderate population growth and income fluctuations over the past decade, along with shifts in racial demographics. These changes may have influenced the decision to introduce LIHTC-funded housing to the area. The predominance of one-bedroom units in the LIHTC inventory suggests a focus on smaller households or individuals. As the neighborhood continues to evolve, ongoing assessment of affordable housing needs will be crucial to ensure adequate support for low-income residents.