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Affordable Housing in Long Meadow: A Quarter-Century of LIHTC Impact
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Long Meadow, a neighborhood in Durham, North Carolina, has a limited LIHTC-funded affordable housing inventory. The neighborhood contains 21 total units in LIHTC-funded projects, with 2 designated as low-income units. Based on the 2022 population of 987 and using the national average household size, the estimated number of housing units in the neighborhood is approximately 378. The LIHTC-funded affordable housing comprises about 5.6% of the estimated housing inventory in Long Meadow.
The LIHTC program has provided $88,875 in tax credits for affordable housing in Long Meadow. This amount equates to an average federal funding of $4,232 per unit in LIHTC-funded projects. The neighborhood's sole LIHTC project, Rockwood Cottages, was completed in 1995, marking over 25 years of affordable housing presence in the area.
Rockwood Cottages consists of 16 one-bedroom units and 5 two-bedroom units, offering a mix of housing options for smaller households. The project does not include any efficiencies, three-bedroom, or four-bedroom units, which may restrict options for larger families or individuals seeking studio apartments.
Long Meadow has experienced demographic shifts over the past decade. The population has fluctuated, increasing from 810 in 2018 to 987 in 2022. Median income has shown significant variability, rising from $44,698 in 2019 to $126,388 in 2020, then decreasing to $62,379 in 2022. This recent income trend may indicate a reduced need for additional affordable housing in the short term.
Racial demographics have also changed, with the white population increasing from 56% in 2019 to 68% in 2022, while the Black population decreased from 26% to 11% during the same period. The Asian population has grown slightly from 1% to 7%, and the Hispanic population has decreased from 4% to 1%.
Long Meadow's LIHTC-funded affordable housing inventory, while limited, has been a consistent presence since 1995. The single project, Rockwood Cottages, provides 21 units, primarily one-bedroom apartments, comprising about 5.6% of the estimated housing inventory. Recent demographic trends, including population growth and significant median income fluctuations, may influence future affordable housing needs in the neighborhood. The changing racial composition of Long Meadow also reflects broader demographic shifts that could impact housing demands and community dynamics.
