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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Midtown, a neighborhood in Houston, Texas, contains 397 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. All of these units are designated as low-income units, contributing significantly to the area's housing needs. Based on the 2022 population of 12,880 and the national average household size of 2.61, Midtown is estimated to have approximately 4,935 housing units. The LIHTC funded affordable housing units represent about 8% of this estimated housing inventory.
The development of LIHTC funded affordable housing in Midtown has occurred over time. Projects such as Travis Street Plaza Apartments, completed in 2012, are part of this effort. The neighborhood features three notable LIHTC projects: Travis Street Plaza Apartments (192 units), 3300 Caroline Street (149 units), and Light Rail Lofts (56 units). These developments indicate a consistent effort to provide affordable housing options in the area.
Midtown has experienced significant population growth over the past decade, increasing from 8,587 in 2013 to 12,880 in 2022, representing a 50% increase. This population growth suggests an increasing demand for housing in the area, potentially including affordable options. The median income in Midtown has fluctuated, peaking at $100,884 in 2015 and settling at $88,888 in 2022. This slight decrease in median income may indicate an increased need for affordable housing options in recent years.
The racial composition of Midtown has become more diverse over the past decade. The white population decreased from 61% in 2013 to 49% in 2022, while the Hispanic population increased from 13% to 21%, and the Asian population grew from 9% to 11%. This increasing diversity may reflect changing housing needs and preferences in the neighborhood.
Midtown's LIHTC funded affordable housing inventory, comprising 397 units across three projects, represents a significant portion of the neighborhood's estimated housing stock. The area has seen substantial population growth and increasing diversity over the past decade, potentially influencing the demand for affordable housing. The LIHTC projects contribute to meeting affordable housing needs, yet the changing demographics and income levels suggest an ongoing need for diverse housing options in this dynamic Houston neighborhood.