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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Marquette Park/Miller neighborhood in Gary, Indiana, exhibits a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory comprises 679 total units, with 1 unit designated as low-income. Based on the 2022 population of 6,484 and utilizing the national average household size, the estimated housing units in the neighborhood are approximately 2,484. LIHTC funded affordable housing accounts for about 27.3% of the estimated housing inventory, surpassing the target percentage for affordable housing stock.
LIHTC-funded affordable housing projects in the neighborhood span over three decades. The initial project, "220 N Miami St," was completed in 1987, while the most recent, "Lake Shore Landings," was finished in 1991. This indicates a concentrated period of affordable housing development in the late 1980s and early 1990s.
The inventory of LIHTC-funded units in the neighborhood is diverse. Of the 679 total units, there are 32 efficiencies, 328 one-bedroom units, 318 two-bedroom units, and 1 three-bedroom unit. This distribution suggests a focus on accommodating smaller households and families.
Over the past decade, the neighborhood has experienced demographic shifts. The population has decreased from 7,732 in 2019 to 6,484 in 2022, a decline of about 16%. Despite this population decrease, the median income has remained relatively stable, fluctuating between $47,935 and $59,164 during this period.
Racial demographics have also changed. The Black population has remained the majority, though decreasing slightly from 56% in 2019 to 57% in 2022. The White population has decreased from 31% to 27% in the same period. There has been a slight increase in the Hispanic population, from 8% to 9%, and the Asian population has remained stable at 1%. These demographic shifts, particularly the population decrease and relatively stable income levels, may indicate changing housing needs in the neighborhood.
The Marquette Park/Miller neighborhood in Gary, Indiana, has a substantial LIHTC-funded affordable housing inventory, covering over a quarter of the estimated housing units. The existing projects, developed primarily in the late 1980s and early 1990s, provide a mix of unit types, with a focus on one and two-bedroom apartments. While the neighborhood has experienced population decline and slight demographic shifts in recent years, the LIHTC projects continue to play a crucial role in providing affordable housing options for residents. The stability of median income levels suggests an ongoing need for affordable housing in the area, which these LIHTC projects help to address.