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Affordable Housing in Northeast Dallas: LIHTC Impact and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Northeast Dallas, a neighborhood in Texas, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. As of 2022, the area contains 2,575 total units in LIHTC-funded projects, with 2,205 designated as low-income units. This represents approximately 2.72% of the estimated 94,493 housing units in the neighborhood.
The LIHTC program has invested $935,153 in tax credits for affordable housing projects in Northeast Dallas, averaging about $363 per unit in federal funding. The neighborhood's affordable housing development history spans several decades, with the earliest recorded LIHTC project, Autumn Creek, completed in 1990, and the most recent known project, Primrose At Highland Meadows, finished in 2006.
The 1990s marked the most significant period of affordable housing development activity, featuring multiple completed projects such as Lakewood Gardens (1991), Royal Palm (1991), and Willow Pond Apts (1996). The inventory includes a diverse range of unit types: 63 efficiencies, 736 one-bedroom units, 730 two-bedroom units, 89 three-bedroom units, and 144 four-bedroom units. Flora Street Lofts, a notable project in the area, targets special needs populations, likely providing specialized amenities and services.
Northeast Dallas has experienced demographic shifts over the past decade. The population decreased slightly from 259,991 in 2017 to 246,628 in 2022. Median income increased from $64,454 in 2017 to $72,418 in 2022, indicating improved economic conditions for some residents.
The racial composition of the neighborhood has remained relatively stable. The Asian population increased slightly from 3% to 4%, while the Hispanic population decreased marginally from 36% to 35%. The Black and White populations maintained consistent percentages at 21% and 37% respectively.
Despite the absence of new LIHTC projects in the last decade, demographic data suggests a continued need for affordable housing. The income growth, while positive, may not have kept pace with rising housing costs, potentially increasing demand for affordable options.
Northeast Dallas has an established LIHTC-funded affordable housing inventory, developed primarily in the 1990s and early 2000s. These units, while representing a small percentage of the total estimated housing stock, provide crucial affordable options for low-income residents. The neighborhood's demographic trends, including a slight population decrease and income growth, indicate an ongoing need for affordable housing. The diverse unit mix and presence of specialized housing like Flora Street Lofts demonstrate efforts to meet varied housing needs within the community.
