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Affordable Housing in Montopolis: A Study of LIHTC-Funded Projects 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
Montopolis, a neighborhood in Austin, Texas, has a significant history of affordable housing development through the Low-Income Housing Tax Credit (LIHTC) program. The neighborhood currently contains 286 total units in LIHTC-funded projects, with 276 designated as low-income units. Based on the 2022 population of 12,843 and an estimated 4,921 housing units, LIHTC-funded affordable housing comprises approximately 5.8% of the neighborhood's estimated housing inventory.
The LIHTC program has been active in Montopolis for over three decades. The first recorded project was completed in 1988 at 6109 Caddie St, while the most recent project, Villages of Ben White, was completed in 2016. This 28-year span indicates a long-term commitment to affordable housing in the area.
The 2000s and 2010s witnessed the most significant development of affordable housing in Montopolis. Notable projects from this period include Town Vista Apts (2003), Santora Villas (2008), and Pointe At Ben White (2015). Of the 286 total units in LIHTC-funded projects, there are 24 one-bedroom units, 96 two-bedroom units, and 73 three-bedroom units. This distribution suggests a focus on accommodating families of various sizes within the affordable housing stock.
Over the past decade, Montopolis has experienced demographic shifts. The population grew from 12,288 in 2013 to 12,843 in 2022, a modest increase of 4.5%. During this period, the median income rose significantly from $30,496 in 2013 to $56,100 in 2022, an 84% increase.
The racial composition of the neighborhood has also changed. The Hispanic population, while still the majority, decreased from 81% in 2013 to 69% in 2022. Conversely, the white population increased from 7% to 23% during the same period. The Black population remained relatively stable, moving from 6% to 5%.
These demographic shifts, particularly the substantial increase in median income, may have influenced the need for and development of affordable housing in recent years. The last recorded LIHTC project completion was in 2016, which coincides with the beginning of the steeper income increases in the neighborhood.
Montopolis has a significant LIHTC-funded affordable housing presence, covering about 5.8% of the estimated housing inventory. The neighborhood has seen consistent development of affordable housing over nearly three decades, with a focus on family-sized units. Recent years have shown marked demographic changes, including rising median incomes and shifts in racial composition, which may be influencing the current affordable housing landscape in the neighborhood.
