Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
North Sherwood Forest, a neighborhood in Baton Rouge, Louisiana, has a presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory consists of 104 total units, with 24 designated as low-income units. Based on the 2022 population of 8,601 and using the national average household size, the estimated housing inventory is approximately 3,295 units. The LIHTC funded affordable housing accounts for about 3.2% of the estimated housing units in the neighborhood.
The LIHTC program has provided $25,309 in tax credits for affordable housing projects in North Sherwood Forest. This translates to an average federal funding of approximately $243 per unit across all LIHTC funded projects in the neighborhood.
Affordable housing has been present in North Sherwood Forest since 1990, with the completion of the Labelle Aire & Centurion Arm project. The most recent project, Newport Villa, was completed in 2000, indicating a decade-long period of LIHTC funded affordable housing development in the neighborhood.
The 1990s saw the most affordable housing projects completed in North Sherwood Forest. The inventory includes a mix of unit types, with 72 one-bedroom units, 16 two-bedroom units, and 16 three-bedroom units. This distribution suggests a focus on accommodating smaller households and families.
Over the last decade, North Sherwood Forest has experienced demographic shifts. The population has decreased slightly from 8,999 in 2014 to 8,601 in 2022. The median income has increased from $30,763 in 2014 to $40,102 in 2022, indicating economic improvement in the neighborhood.
Racial demographics have also shifted. The Black population has remained the majority, decreasing slightly from 71% in 2014 to 70% in 2022. The Hispanic population has grown from 6% to 20% during this period. The White population has decreased from 16% to 4%, while the Asian population has increased from 1% to 5%.
No new LIHTC projects have been built in the last decade. This could be due to the increasing median income, which might suggest a reduced need for additional affordable housing units.
North Sherwood Forest's LIHTC funded affordable housing inventory, at 3.2% of estimated housing units, has been part of the neighborhood for over a decade. The LIHTC program has provided an average of $243 per unit in federal funding. The neighborhood has seen demographic shifts, including an increase in median income and growing diversity, particularly with the Hispanic population. These changes may have influenced the lack of new LIHTC projects in recent years. The existing affordable housing stock, primarily composed of one-bedroom units, continues to serve the community's needs.