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Affordable Housing in Rum Village: LIHTC Projects and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Rum Village, a neighborhood in South Bend, Indiana, had a population of 6,319 in 2022. The Low-Income Housing Tax Credit (LIHTC) program has funded two affordable housing projects in this area, providing a total of 2 units. The estimated housing inventory of 2,421 units indicates that LIHTC-funded affordable housing comprises approximately 0.08% of the neighborhood's housing stock.
The LIHTC-funded projects in Rum Village were both completed in 1990, indicating a long-standing presence of affordable housing in the neighborhood. These projects, located at 1513 Webster St and 1517 Webster St, each consist of one three-bedroom unit. This suggests that the LIHTC program has focused on providing housing for families in this area.
Over the past decade, Rum Village has experienced demographic shifts. The population increased slightly from 6,072 in 2012 to 6,319 in 2022. Median income improved from $28,340 in 2013 to $38,859 in 2022, indicating a potential increase in economic opportunities for residents.
Racial demographics have also changed. The Black population increased from 29% in 2013 to 31% in 2022, while the White population decreased from 39% to 35% during the same period. The Hispanic population remained relatively stable, shifting slightly from 27% to 27% between 2013 and 2022.
Despite these demographic changes, there have been no new LIHTC projects in Rum Village since 1990. This could be due to various factors, such as changes in local housing policies, shifts in funding priorities, or the emergence of other affordable housing programs not captured in this data.
Rum Village's LIHTC-funded affordable housing inventory consists of two projects with a total of two three-bedroom units, completed in 1990. This represents a small fraction of the neighborhood's estimated housing stock. The neighborhood has experienced moderate demographic changes over the past decade, including an increase in median income and slight shifts in racial composition. Despite these changes, no new LIHTC projects have been developed since 1990, suggesting that other factors may be influencing affordable housing development in this neighborhood.
