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Affordable Housing in Rock Island - Samuels: LIHTC Impact on a Growing Fort Worth Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Rock Island - Samuels, a neighborhood in Fort Worth, Texas, had a population of 2,135 in 2022. The area features Low-Income Housing Tax Credit (LIHTC) funded affordable housing, comprising 36 units, all designated as low-income. These units represent approximately 4.4% of the neighborhood's estimated 818 housing units.
The LIHTC program has allocated $254,842 in tax credits for affordable housing projects in Rock Island - Samuels. This equates to an average federal funding of $7,079 per unit. The neighborhood's LIHTC funded affordable housing inventory consists of one project, The Pavilion At Samuels Avenue, completed in 2007. This development has provided affordable housing options for over 15 years.
The Pavilion At Samuels Avenue offers a mix of unit types, including 14 one-bedroom and 22 two-bedroom units, accommodating various low-income household sizes.
Rock Island - Samuels has experienced demographic changes over the past decade. The population increased from 1,728 in 2019 to 2,135 in 2022, indicating rising housing demand. Median income fluctuated, peaking at $74,305 in 2017 and decreasing to $64,892 in 2022, suggesting a potential increase in affordable housing needs.
Racial demographics in the neighborhood have shifted. The Hispanic population decreased from 41% in 2019 to 30% in 2022, while the Black population increased from 5% to 17%. The White population remained relatively stable, changing from 49% to 45%. These demographic shifts may influence the diverse affordable housing needs in the neighborhood.
Rock Island - Samuels contains one LIHTC funded affordable housing project, The Pavilion At Samuels Avenue, operational since 2007. While it provides 36 low-income units, this represents a small portion of the neighborhood's estimated housing inventory. Recent population growth and median income fluctuations suggest a potential need for additional affordable housing options. The changing racial demographics indicate that future affordable housing initiatives may need to consider the evolving needs of the community's diverse population.
