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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Southwest Dallas, a neighborhood in Dallas, Texas, has a significant presence of affordable housing funded through the Low-Income Housing Tax Credit (LIHTC) program. The neighborhood contains 2,403 total units in LIHTC-funded projects, with 2,258 designated as low-income units. Based on the 2022 population of 143,954 and the national average household size of 2.61, the estimated housing inventory in Southwest Dallas is approximately 55,155 units. LIHTC-funded affordable housing comprises about 4.4% of this estimated housing stock.
Affordable housing development in Southwest Dallas spans over three decades. The initial LIHTC project, Queens Court Apartments, was completed in 1990. One of the most recent projects, Wynnewood Family Housing, was finished in 2016. The 1990s witnessed the most substantial affordable housing development, with multiple projects completed during this period, including Kings Castle Apartments (1991), Redbird Trails Apartments (1992), and Spring Ridge Apartments (1995).
The LIHTC-funded projects in Southwest Dallas offer a range of unit types. The inventory includes 24 efficiencies, 296 one-bedroom units, 966 two-bedroom units, 289 three-bedroom units, and 48 four-bedroom units. This distribution indicates an emphasis on accommodating various household sizes, with a particular focus on two-bedroom units.
Southwest Dallas has experienced demographic changes over the past decade. The population increased from 134,168 in 2013 to 143,954 in 2022, indicating steady growth. Median income also rose from $53,568 in 2013 to $60,380 in 2022, suggesting improved economic conditions for some residents.
The racial composition of the neighborhood has remained relatively stable, with a slight increase in diversity. As of 2022, the population is 53% Hispanic, 29% Black, 14% White, 2% Asian, and 2% multiracial. This demographic makeup highlights the importance of culturally appropriate affordable housing options.
Despite the overall increase in median income, the continued development of LIHTC projects through 2016 indicates an ongoing need for affordable housing in the area. The stable racial composition suggests that these projects have been serving a consistent demographic over time.
Southwest Dallas has a substantial inventory of LIHTC-funded affordable housing, covering about 4.4% of the estimated housing stock. The neighborhood has experienced continuous development of affordable housing since 1990, with significant activity in the 1990s. The diverse unit types available cater to various household sizes, reflecting community needs. While median income has increased over the past decade, the continued development of affordable housing projects indicates a persistent demand for low-income housing options in this diverse and growing neighborhood.