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Affordable Housing in Kingwood: LIHTC's Limited Impact on a Growing Houston 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
Kingwood, a neighborhood in Houston, Texas, is characterized by its wooded landscape and master-planned community design. The neighborhood's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 193 total units, with 192 designated as low-income units. Given the estimated housing inventory of 33,362 units for the neighborhood, LIHTC funded affordable housing represents approximately 0.58% of Kingwood's housing stock.
The LIHTC program has allocated $1,067,817 in tax credits for affordable housing projects in Kingwood. This equates to an average federal funding of $5,532 per unit. Kingwood's LIHTC funded affordable housing is represented by a single project, Kingwood Senior Village, completed in 2007. This project marks the inception of LIHTC's presence in the neighborhood, providing affordable housing options for over a decade.
Kingwood Senior Village consists of 156 one-bedroom units and 37 two-bedroom units, primarily serving smaller households. The absence of efficiencies and larger units (three or four bedrooms) indicates a focus on accommodating single seniors or couples without children.
Kingwood has experienced steady population growth over the past decade, increasing from 76,848 in 2013 to 87,076 in 2022. The median income has remained relatively stable, ranging from $102,882 in 2013 to $104,085 in 2022, with some fluctuations in between. This consistently high median income may explain the limited LIHTC development in the area.
The racial composition of Kingwood has gradually diversified. The white population decreased from 77% in 2013 to 65% in 2022, while the Hispanic population increased from 13% to 21%. The Black population also increased from 4% to 7%. This demographic shift could potentially influence future affordable housing needs in the neighborhood.
Kingwood's LIHTC funded affordable housing inventory is limited, with only one project completed in 2007. This project, Kingwood Senior Village, provides 193 units, predominantly one-bedroom apartments, likely targeting the senior population. The neighborhood's high median income and the relatively small percentage of affordable housing units suggest that LIHTC development has not been a primary focus in this area. However, the changing demographics, particularly the increasing diversity, may influence future affordable housing needs in Kingwood.
