Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The South Boulevard-Park Row Historic neighborhood in Dallas, Texas, contains a significant number of Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. The area has 1,440 units in LIHTC-funded projects, with 1,293 designated as low-income units. This inventory plays a crucial role in addressing community housing needs.
Based on the 2022 population of 31,770 and the national average household size of 2.61, the neighborhood is estimated to have approximately 12,172 housing units. LIHTC-funded affordable housing units represent about 11.8% of this estimated housing inventory, indicating a substantial contribution to the neighborhood's affordable housing stock.
The LIHTC program has invested $155,700 in project tax credits for affordable housing in this neighborhood. This equates to an average federal funding of about $108 per unit in LIHTC-funded projects. The earliest LIHTC project, Las Lomas Apts, was completed in 1998, while the most recent project with a known completion date is 1400 Belleview, finished in 2014. This 16-year span demonstrates a sustained commitment to affordable housing in the area.
The early 2000s saw significant affordable housing development, with multiple projects completed between 2001 and 2004. Notable projects from this period include Eban Village II (2001), South Boulevard Retirement Center (2002), and Rosemont At Pemberton Hill (2003). The LIHTC-funded housing in the neighborhood offers a diverse range of unit types, including 185 one-bedroom units, 186 two-bedroom units, 77 three-bedroom units, and 2 four-bedroom units. This variety caters to different household sizes and needs within the community.
Over the past decade, the neighborhood has experienced steady population growth, increasing from 25,147 in 2013 to 31,770 in 2022, a 26.3% increase. Median income in the neighborhood has shown overall growth, rising from $28,304 in 2013 to $34,396 in 2022. Despite this increase, the median income remains relatively low, underscoring the continued importance of affordable housing options.
Racial demographics have shifted slightly over the past decade. The Black population has decreased from 65% in 2013 to 53% in 2022, while the Hispanic population has increased from 26% to 36% during the same period. The White population has remained relatively stable at around 8-9%.
The South Boulevard-Park Row Historic neighborhood in Dallas has a substantial inventory of LIHTC-funded affordable housing, representing about 11.8% of the estimated housing stock. The area has seen consistent development of affordable housing projects over a 16-year period, with a particular focus in the early 2000s. The diverse range of unit types caters to various household sizes and needs.
The neighborhood's growing population, coupled with relatively low median incomes, suggests an ongoing need for affordable housing options. The changing racial demographics may also influence future affordable housing needs and development strategies. The LIHTC program has played a significant role in providing affordable housing options in this evolving neighborhood.