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Affordable Housing in Middleton, Wisconsin: Three Decades of LIHTC Investment
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Middleton, Wisconsin, known as "The Good Neighbor City," has a diverse Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has a total of 299 units in LIHTC funded projects, with 138 of these designated as low-income units. Based on the estimated housing inventory of 12,556 units, the LIHTC funded affordable housing covers approximately 2.38% of the city's housing stock.
Middleton has received $2,860,888 in project tax credits through the LIHTC program. With 5 approximate projects, this translates to an average of $572,178 per project. Considering the total 299 units, the average federal funding per unit is about $9,568. Middleton holds 1.21% of Wisconsin's total LIHTC funding.
The city's involvement with LIHTC funded affordable housing began in 1988 with the Nicola Townhomes project and continued through 2019 with the completion of Oak Ridge Middleton. This 31-year span demonstrates a long-standing commitment to affordable housing in the city. The 2010s saw the most activity in LIHTC funded projects, with three developments completed during this decade: Heritage Middleton (2012), Meadow Ridge Middleton (2017), and Oak Ridge Middleton (2019).
The LIHTC funded housing in Middleton offers a range of unit types. The inventory includes 7 efficiencies, 146 one-bedroom units, 112 two-bedroom units, and 34 three-bedroom units, catering to various household sizes and needs.
Over the past decade, Middleton has experienced population growth, increasing from 26,381 in 2010 to 32,772 in 2022. This 24% population increase coincides with the completion of three LIHTC projects during this period, suggesting an approach to meet growing housing needs.
The median income in Middleton has fluctuated but generally increased, rising from $89,988 in 2013 to $98,945 in 2022. Despite this overall increase in median income, the continued development of affordable housing projects indicates recognition of the need for diverse housing options across income levels.
Racial demographics in Middleton have remained relatively stable over the past decade, with a slight increase in diversity. The white population decreased slightly from 84% in 2013 to 82% in 2022, while Asian and Hispanic populations saw small increases. This gradual diversification aligns with the city's continued investment in affordable housing, potentially supporting a more inclusive community.
Middleton's LIHTC funded affordable housing inventory represents a portion of the city's housing stock. The city has invested in affordable housing over three decades, with increased activity in recent years. This aligns with the city's population growth and evolving demographics. The LIHTC program contributes to Middleton's affordable housing needs, but other programs may also play a role in addressing the city's overall affordable housing landscape.
