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Affordable Housing in Jefferson Chalmers: LIHTC Impact and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Jefferson Chalmers, a neighborhood in Detroit, Michigan, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 564 units in LIHTC funded projects, with 250 designated as low-income units. Based on the 2022 population of 12,186 and using the national average household size, the estimated housing inventory is approximately 4,669 units. The LIHTC funded affordable housing comprises about 12.1% of the neighborhood's estimated housing inventory, approaching the target percentage for a well-balanced community.
The LIHTC program has invested substantially in Jefferson Chalmers, with project tax credits totaling $1,658,617. This equates to an average federal funding of about $2,940 per unit across all LIHTC funded projects in the neighborhood. Affordable housing has been a consistent feature of Jefferson Chalmers since 1990, when the first LIHTC project, Grayhaven Marina Village, was completed. The most recent addition, Dickerson Manor, was finished in 2011, indicating over two decades of affordable housing development in the area.
The LIHTC funded projects in Jefferson Chalmers offer a range of unit types. Of the 564 total units, 138 are one-bedroom, 365 are two-bedroom, 32 are three-bedroom, and 29 are four-bedroom units. This distribution indicates accommodation for various family sizes, with an emphasis on smaller households and families.
Jefferson Chalmers has experienced demographic changes over the past decade. The population decreased from 13,295 in 2015 to 12,186 in 2022, a decline of about 8.3%. Despite this population decrease, the median income increased significantly, from $54,651 in 2015 to $72,184 in 2022, an increase of approximately 32%.
Racial demographics have also shifted. The Black population decreased from 57% in 2015 to 52% in 2022, while the White population increased from 37% to 43% during the same period. The Hispanic population remained relatively stable at around 2%. It is notable that no new LIHTC projects have been completed in Jefferson Chalmers since 2011. This may be related to the rising median income in the area, potentially reducing the perceived need for additional affordable housing units.
Jefferson Chalmers has a substantial inventory of LIHTC funded affordable housing, covering about 12.1% of its estimated housing stock. The neighborhood has benefited from over two decades of LIHTC investments, with projects offering a range of unit sizes to accommodate diverse household needs. While the population has slightly decreased over the past decade, median income has risen substantially. These demographic shifts, along with changes in racial composition, may influence future affordable housing needs and development in the area.
