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Affordable Housing in Spring Hill: LIHTC Impact 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
Spring Hill, a neighborhood in Norwalk, Connecticut, has a population of 8,464 as of 2022. The neighborhood contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, which provides 18 low-income units. This represents approximately 0.56% of the neighborhood's estimated housing inventory of 3,243 units.
The LIHTC program has invested $547,389 in tax credits for affordable housing in Spring Hill. This equates to an average federal funding of $30,410 per unit. The single LIHTC project in the neighborhood, Elmcrest Terrace Supportive Housing, was completed in 2013. This development consists of 18 units, comprising one one-bedroom unit and 17 two-bedroom units.
Elmcrest Terrace Supportive Housing is designated as supportive housing, which typically serves individuals or families requiring additional services alongside affordable housing. These services may include mental health support, substance abuse treatment, or assistance for formerly homeless individuals.
Demographic trends following the LIHTC project's completion in 2013 show notable changes. The population of Spring Hill has decreased from 9,221 in 2013 to 8,464 in 2022. The median income has remained relatively stable, ranging from $85,231 in 2014 to $87,647 in 2022.
Racial demographics in Spring Hill have undergone significant shifts since 2013. The Hispanic population has increased from 15% to 45% in 2022, while the white population has decreased from 60% to 31%. The Asian population has remained relatively stable, and the Black population has experienced a slight increase from 15% to 16%.
Spring Hill's LIHTC-funded affordable housing inventory is limited to a single project completed in 2013, providing 18 units of supportive housing. This represents a small fraction (0.56%) of the estimated housing stock. The neighborhood has experienced demographic shifts, including a decrease in population and significant changes in racial composition, particularly growth in the Hispanic population. Despite these changes, the median income has remained relatively stable. The limited LIHTC development in recent years may indicate that other affordable housing programs are addressing the neighborhood's needs, or that there may be opportunities for further affordable housing development in the future.
