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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Rowlett, Texas, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory that addresses the needs of its low-income residents. The city has 486 affordable housing units, all designated as low-income units, distributed across 3 LIHTC-funded projects. Based on the 2022 population of 65,284 and the estimated 25,013 housing units in Rowlett, the LIHTC-funded affordable housing comprises approximately 1.94% of the city's estimated housing inventory. This indicates that while LIHTC projects contribute to the affordable housing stock, they represent a small portion of the overall housing market in Rowlett.
The LIHTC program has supported three projects in Rowlett: Evergreen At Rowlett Senior, Lakeview Senior Living, and Residences Of Long Branch. Evergreen At Rowlett Senior, completed in 2017, is the most recent addition to the city's affordable housing inventory. Lakeview Senior Living is the largest project, providing 272 low-income units. Residences Of Long Branch offers 76 units, while Evergreen At Rowlett Senior contributes 138 units to the affordable housing stock.
Over the past decade, Rowlett has experienced demographic shifts. The population has remained relatively stable, with 66,686 residents in 2018 and 65,284 in 2022. The median income has increased from $101,168 in 2018 to $106,355 in 2022, indicating growing economic prosperity for some residents. Racial demographics have also changed. The white population has decreased from 56% in 2018 to 46% in 2022, while the Black and Hispanic populations have both increased from 16% and 18% respectively in 2018 to 21% each in 2022. The Asian population has remained steady at 7%.
These demographic changes, particularly the increase in median income, may influence the need for affordable housing in Rowlett. However, the growing diversity in the city's population could also indicate a continued need for affordable housing options to ensure equitable access for all residents.
Rowlett's LIHTC-funded affordable housing inventory, while modest in size, provides 486 low-income units across three projects. The most recent project, Evergreen At Rowlett Senior, was completed in 2017, indicating ongoing efforts to address affordable housing needs. The city's changing demographics, including increasing median income and growing diversity, suggest a complex landscape for affordable housing needs. While LIHTC projects contribute to meeting these needs, they represent a small portion of the overall housing market in Rowlett.