Loading Content...
Affordable Housing in Maple Grove: LIHTC Funding and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Maple Grove, a city in Minnesota, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 272 total units, with 193 designated as low-income units. This inventory represents approximately 1% of the city's estimated 27,045 housing units. The city has received $2,957,725 in project tax credits from the LIHTC program, distributed across approximately 7 projects. This equates to an average of $422,532 in federal funding per project and $10,874 per unit. Maple Grove's share of Minnesota's total LIHTC funding is 1.01%.
The development of LIHTC funded affordable housing in Maple Grove spans from 1999 to 2019. The inaugural project, Lake Shore Townhomes, was completed in 1999, while the most recent, Bottineau Ridge Phase II, was finished in 2019. The 2010s were particularly active, with four projects completed during this decade. The LIHTC funded projects in Maple Grove offer a variety of unit types, including 15 one-bedroom units, 155 two-bedroom units, 87 three-bedroom units, and 6 four-bedroom units. This distribution indicates a focus on accommodating families of various sizes.
Maple Grove has experienced population growth over the past decade, increasing from 65,406 in 2013 to 70,588 in 2022. Concurrently, the median income has risen from $92,138 in 2013 to $111,829 in 2022. This economic growth may contribute to the ongoing need for affordable housing options in the city. The racial demographics of Maple Grove have also undergone gradual changes. The white population decreased from 86% in 2013 to 79% in 2022, while other racial groups, particularly Asian and Black populations, have increased.
The LIHTC funded affordable housing inventory in Maple Grove, while modest in comparison to the city's total housing stock, represents a consistent effort to provide low-income housing options. The city has utilized federal funding to create a diverse range of units, primarily focused on two and three-bedroom options. The ongoing development of LIHTC projects, coupled with population growth and increasing median income, suggests a continued need for affordable housing in this evolving community.
The demographic shifts observed in Maple Grove may influence the demand for varied affordable housing options. As the population becomes more diverse, there may be a need for housing that accommodates different cultural preferences and family structures. The increase in median income, while potentially reducing overall affordability in the city, also underscores the importance of maintaining and expanding affordable housing options for lower-income residents.
The LIHTC program has played a significant role in Maple Grove's affordable housing landscape over the past two decades. The consistent development of new projects indicates an ongoing commitment to addressing affordable housing needs. As the city continues to grow and change, the LIHTC funded housing stock may need to evolve to meet the changing demographics and economic conditions of the community.
