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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Oxford Hunt, a neighborhood in Charlotte, North Carolina, contains two Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects. These projects provide 110 units, with 16 designated as low-income units. The LIHTC funded affordable housing represents approximately 6.2% of the neighborhood's estimated 1,776 housing units.
The LIHTC funded affordable housing in Oxford Hunt is relatively new. Weddington Road Apartments, completed in 2018, and Crown Court Apartments, finished in 2020, indicate that LIHTC program housing has been present in the neighborhood for about four years. The 2020s saw the most affordable housing activity in Oxford Hunt, with both LIHTC projects being completed during this decade.
Crown Court Apartments is the larger project, offering 103 total units, including 69 one-bedroom and 34 two-bedroom apartments. Weddington Road Apartments contributes an additional 7 units to the neighborhood's affordable housing inventory.
Over the past decade, Oxford Hunt has experienced demographic shifts that may correlate with the introduction of LIHTC funded affordable housing. The population increased from 4,526 in 2013 to 4,635 in 2022, indicating a growing demand for housing in the area.
Median income in the neighborhood has fluctuated, reaching a peak of $112,859 in 2014 before declining to $97,377 in 2022. This trend may suggest an increasing need for affordable housing options in the community.
Racial demographics have shifted significantly. The proportion of white residents decreased from 74% in 2013 to 52% in 2022, while the Asian population increased from 6% to 24% during the same period. The Black population increased slightly from 12% to 14%. These changes indicate growing diversity in the neighborhood, which may have influenced the decision to develop affordable housing projects.
Oxford Hunt has recently incorporated LIHTC funded affordable housing into its community, with two projects completed in the last four years. These projects provide 110 total units, including 16 low-income units, covering about 6.2% of the estimated housing inventory. The neighborhood has experienced population growth, income fluctuations, and significant racial demographic shifts over the past decade, potentially influencing the development of affordable housing options. Further analysis of other housing programs and community needs would be necessary to determine if the current supply is sufficient for the neighborhood's requirements.