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Affordable Housing in Osage-North Fisk: A Historical Review of LIHTC Developments
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CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Osage-North Fisk neighborhood in Nashville-Davidson, Tennessee, contains 17 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. All of these units are designated as low-income. Based on the 2022 population of 1,843 and an estimated 706 housing units, LIHTC funded affordable housing comprises approximately 2.4% of the neighborhood's estimated housing inventory.
The LIHTC projects in this neighborhood have received $37,826 in project tax credits, averaging about $2,225 per unit. This federal funding has supported affordable housing development in Osage-North Fisk. The neighborhood's affordable housing history began in 1988, with all six known LIHTC projects completed that year. These projects include "22Nd Ave N Sfd," "22Nd Ave N Duplex," "Southside I," "23Rd Ave N Duplex," "Buchanan Duplex," and "1410 23Rd Ave N."
The LIHTC funded housing stock in Osage-North Fisk consists of 10 three-bedroom units, 4 two-bedroom units, and 1 one-bedroom unit. This distribution indicates a focus on accommodating families or larger households within the affordable housing inventory.
Over the past decade, Osage-North Fisk has experienced demographic changes. The population has remained relatively stable, fluctuating between about 1,800 and 2,100 residents. Median income has increased from $21,708 in 2013 to $36,721 in 2022, with some fluctuations in between.
The racial composition of the neighborhood has evolved. The percentage of Black residents has decreased from 95% in 2013 to 84% in 2022. Correspondingly, the white population has increased from 3% to 14% over the same period.
No new LIHTC projects have been recorded in the last decade. This could be due to various factors, including the existing affordable housing stock meeting current needs or changes in funding priorities.
The Osage-North Fisk neighborhood in Nashville-Davidson established its foundation of LIHTC funded affordable housing primarily in 1988. These units provide important low-income housing options, despite representing a small percentage of the estimated housing inventory. The neighborhood has experienced moderate demographic shifts over the past decade, including rising median incomes and slight changes in racial composition. The LIHTC housing stock has remained stable, suggesting a need for ongoing assessment of affordable housing needs in the area.
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