Affordable Housing in Saginaw's Northeast: LIHTC Impact and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
DATA SOURCE
The Northeast neighborhood in Saginaw, Michigan, contains 50 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program, with 5 units specifically designated as low-income. Based on the 2022 population of 3,069 and an estimated 1,176 housing units, LIHTC-funded affordable housing comprises approximately 4.25% of the neighborhood's housing stock.
The LIHTC program has invested $622,139 in tax credits for affordable housing projects in this neighborhood. This equates to an average federal funding of $12,443 per unit when divided by the total number of units in LIHTC-funded projects.
The Reuben Daniels Townhomes, completed in 2006, is the primary LIHTC project in the Northeast neighborhood. This development has provided affordable housing options for over 15 years, consisting of 50 units including 16 two-bedroom and 34 three-bedroom units, accommodating families of various sizes.
Over the past decade, the Northeast neighborhood has experienced demographic changes. The population has remained relatively stable, fluctuating between 2,868 and 3,165 residents. The median income has increased from $23,948 in 2015 to $34,204 in 2022, indicating economic improvement in the area.
Racial demographics have remained relatively consistent, with the Black population representing the majority at approximately 75-81% throughout the decade. The Hispanic population has increased slightly from 3% in 2014 to 9% in 2022. The White population has fluctuated between 7% and 15% during this period.
Despite these demographic changes, no new LIHTC projects have been developed in the neighborhood since 2006. This could be attributed to various factors, including changes in funding priorities, local development policies, or potentially a reduced need for additional affordable housing units in the area.
The Northeast neighborhood of Saginaw has a single LIHTC-funded affordable housing project, the Reuben Daniels Townhomes, which provides 50 units of affordable housing. While this represents a small percentage of the estimated housing stock, it has been a stable presence in the community for over 15 years. The neighborhood has experienced positive economic trends with rising median incomes while maintaining a diverse racial composition. The absence of new LIHTC projects in recent years may warrant further investigation into the current affordable housing needs of the community and potential barriers to new development.
