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Affordable Housing in Summit-University: Three Decades of LIHTC Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Summit-University, a neighborhood in St. Paul, Minnesota, has a substantial affordable housing inventory funded by the Low-Income Housing Tax Credit (LIHTC) program. The neighborhood contains 735 LIHTC-funded units, of which 600 are designated as low-income. These units represent approximately 11.1% of the estimated 6,663 housing units in the neighborhood.
The LIHTC program has allocated $7,697,163 in project tax credits to affordable housing developments in Summit-University. This equates to an average federal funding of $10,473 per unit across all LIHTC-funded projects in the area. The neighborhood's commitment to affordable housing spans over three decades, with the first LIHTC project, Selby Commons, completed in 1991 and the most recent, Selby Milton Victoria, finished in 2019.
The 2010s witnessed the most significant affordable housing development activity in Summit-University. Several projects were completed during this period, including St. Albans Park (2013), Lonnie Adkins Court Apartments (2015), Western U Plaza (2016), Hanover Townhomes (2017), Jamestown Homes (2017), and Selby Milton Victoria (2019).
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The LIHTC-funded housing stock in Summit-University offers diverse unit types. The 735 total units comprise 19 efficiencies, 227 one-bedroom, 342 two-bedroom, 106 three-bedroom, and 15 four-bedroom units. This distribution accommodates various household sizes, with an emphasis on smaller families or individuals. The Hanover Townhomes project, completed in 2017, specifically targets single heads of household with minor children, addressing the needs of single-parent families.
Summit-University has experienced demographic shifts over the past decade. The population grew from 16,268 in 2013 to 17,391 in 2022, indicating a modest increase in housing demand. Median income rose from $48,677 in 2013 to $60,724 in 2022, suggesting improved economic conditions for some residents. The racial distribution has remained relatively stable, with a slight increase in diversity. The white population has maintained around 47-48% of the total, while the Black population decreased slightly from 39% in 2013 to 36% in 2022. The Asian population remained steady at 6-9%, and there has been a small increase in residents identifying as two or more races.
Summit-University's LIHTC-funded affordable housing represents a significant portion of the neighborhood's housing stock at 11.1% of estimated units. The neighborhood has consistently developed affordable housing over nearly three decades, with particular focus in the 2010s. The diverse unit types cater to various household sizes, and specific projects address targeted demographics. Despite population growth and increased median income, the continued development of affordable housing suggests an ongoing commitment to maintaining economic diversity and addressing housing needs across income levels.
