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Affordable Housing in McCullough Hills: LIHTC's Impact on a Growing Nevada 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
McCullough Hills, a neighborhood in Henderson, Nevada, contains 205 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. All of these units are designated as low-income. Based on the 2022 population of 18,060 and using the national average household size, the neighborhood is estimated to have approximately 6,920 housing units. The LIHTC-funded affordable housing represents about 2.96% of the estimated housing inventory in McCullough Hills.
The LIHTC program has invested $532,281 in tax credits for affordable housing projects in McCullough Hills, averaging approximately $2,596 per unit. The neighborhood's affordable housing is comprised of a single project, Portofino, completed in 2002. This project has provided affordable housing options in the area for over two decades.
Portofino consists of 205 units, including 103 one-bedroom and 102 two-bedroom apartments. This distribution provides a balance between smaller and family-sized affordable housing options. The project does not include efficiency units or larger three- or four-bedroom units.
McCullough Hills has experienced significant demographic changes over the past decade. The population increased from 12,634 in 2014 to 18,060 in 2022, a 42.9% growth. During this period, the median income rose from $70,649 in 2014 to $89,781 in 2022, representing a 27.1% increase.
The racial composition of the neighborhood has shown minor shifts. The white population decreased from 67% in 2014 to 62% in 2022. The Hispanic population increased slightly from 14% to 15%, and the Black population grew from 6% to 9%. The Asian population decreased marginally from 10% to 8%.
Despite the demographic changes and growth in population and income, no new LIHTC projects have been developed in McCullough Hills since 2002. This may be attributed to various factors, including changes in local housing policies, shifts in development priorities, or the possibility that other affordable housing programs are addressing the neighborhood's needs.
McCullough Hills' affordable housing landscape is characterized by a single LIHTC-funded project, Portofino, which has provided 205 low-income units since 2002. While this project represents a small percentage of the estimated housing inventory, it offers a mix of one- and two-bedroom units to serve different household sizes. The neighborhood has experienced significant population growth and income increases over the past decade, along with minor shifts in racial composition. The absence of new LIHTC projects since 2002 suggests that other factors or programs may be influencing the affordable housing landscape in McCullough Hills.
