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Affordable Housing in Payne-Logan: A Neighborhood in Transition
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 Payne-Logan neighborhood in Greenville, South Carolina, has a limited Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The neighborhood contains 2 affordable units, all of which are designated as low-income units. Based on the 2022 population of 1,675 and the estimated 642 housing units, the LIHTC funded affordable housing represents approximately 0.31% of the neighborhood's estimated housing inventory.
The LIHTC projects in Payne-Logan have received a total of $3,680 in project tax credits, averaging $1,840 per unit in federal funding. The neighborhood has two LIHTC projects: Calhoun #6 and Calhoun #7. Both projects were completed in 1993, indicating that affordable housing has been present in the neighborhood for approximately 30 years.
The 1990s marked the period of most affordable housing development in Payne-Logan, with both LIHTC projects being completed during this decade. All of the LIHTC funded units in the neighborhood are three-bedroom units, suggesting a focus on accommodating families.
Over the past decade, Payne-Logan has experienced significant demographic changes. The population has grown substantially, from 455 in 2013 to 1,675 in 2022. Median income has also increased dramatically, rising from $17,915 in 2013 to $80,959 in 2022. This rapid income growth may explain the absence of new LIHTC projects in recent years.
The racial composition of the neighborhood has also shifted. In 2013, the neighborhood was predominantly Black (58%) with a significant White population (39%). By 2022, these proportions had nearly reversed, with White residents comprising 73% of the population and Black residents 20%. This demographic shift coincides with the significant increase in median income.
The Payne-Logan neighborhood has a small LIHTC funded affordable housing inventory established in the early 1990s. The two projects provide family-sized units, but cover only a fraction of the estimated housing inventory. Over the past decade, the neighborhood has undergone significant demographic changes, including rapid population growth, substantial increases in median income, and a shift in racial composition. These changes may have influenced the lack of new LIHTC developments in recent years. The evolving demographics of Payne-Logan present a complex picture of a neighborhood in transition, potentially affecting the current and future needs for affordable housing.
