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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The O'Neal neighborhood in Baton Rouge, Louisiana, features Low-Income Housing Tax Credit (LIHTC) funded affordable housing. There are 40 affordable units across three LIHTC projects. Based on the 2022 population of 9,622 and the national average household size of 2.61, the estimated housing units in the neighborhood are 3,687. LIHTC funded affordable housing comprises approximately 1.1% of the estimated housing inventory in O'Neal.
The LIHTC program has invested $226,565 in tax credits for affordable housing projects in O'Neal, averaging $5,664 per unit in federal funding. Affordable housing development occurred consistently in the late 1990s, with St Jean I and St Jean II completed in 1997, and St Jean III in 1998.
The LIHTC funded housing inventory in O'Neal predominantly consists of two-bedroom units, with 39 out of 40 units in this category and one one-bedroom unit. This composition indicates a focus on accommodating small families or couples within the affordable housing stock.
O'Neal has experienced demographic shifts over the past decade. The population has remained relatively stable with minor fluctuations. The median income has shown variability, changing from $78,504 in 2013 to $75,423 in 2022, with fluctuations in between. This suggests a middle-income neighborhood with some economic variations.
Racial demographics have evolved. The white population decreased from 51% in 2013 to 48% in 2022, while the Black population changed from 39% to 34%. The Hispanic population increased notably from 3% in 2013 to 9% in 2022. The Asian population has remained steady at approximately 4% throughout this period.
O'Neal's LIHTC funded affordable housing inventory represents a targeted effort to provide affordable options in this Baton Rouge neighborhood. The concentration of two-bedroom units suggests a focus on small families or couples. The neighborhood has experienced demographic shifts over the past decade, including increased diversity and income fluctuations. Although the existing LIHTC projects were completed over two decades ago, these changing demographics may inform future affordable housing needs in the area.