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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Trinity - Houston Gardens, a neighborhood in Houston, Texas, features Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 276 affordable housing units, all classified as low-income. These units represent approximately 4.12% of the estimated 6,696 housing units in the neighborhood.
The LIHTC program has allocated $179,539 in tax credits for affordable housing projects in Trinity - Houston Gardens. This equates to an average federal funding of $650.50 per unit across all LIHTC-funded projects in the neighborhood. The first LIHTC project, Glass Street Apts, was completed in 1991, while the most recent project, Gulf Coast Arms, was finished in 2014. This indicates that affordable housing has been present in the neighborhood for over two decades.
The 2000s marked the most significant development in affordable housing, with the completion of Emerald Bay Apts in 2003, adding 248 units to the neighborhood's affordable housing inventory. The LIHTC-funded housing stock consists primarily of two-bedroom units, with at least 12 such units recorded. However, specific unit type breakdowns for other projects are not available.
Trinity - Houston Gardens has experienced demographic shifts over the past decade. The population has remained relatively stable, increasing slightly from 15,766 in 2015 to 17,476 in 2022. Median income has shown a positive trend, rising from $25,670 in 2015 to $35,636 in 2022, indicating some economic improvement in the area.
Racial distribution in the neighborhood has evolved. The Black population has decreased from 67% in 2015 to 53% in 2022, while the Hispanic population has increased from 30% to 44% during the same period. This shift in racial demographics could potentially influence future affordable housing needs and development in the area.
The most recent LIHTC project, Gulf Coast Arms, was completed in 2014. Since then, the neighborhood has seen an increase in median income and a shift in racial demographics, which may have influenced the lack of new LIHTC developments in recent years.
Trinity - Houston Gardens has a modest LIHTC-funded affordable housing inventory, covering about 4.12% of the estimated housing units in the neighborhood. The area has seen three LIHTC projects completed over two decades, with the most significant development occurring in the early 2000s. While the neighborhood has experienced demographic changes, including an increase in median income and a shift in racial composition, the impact of these changes on affordable housing needs requires further analysis. The presence of LIHTC-funded housing in the area demonstrates ongoing efforts to provide affordable options for low-income residents, though the extent to which these efforts meet the community's needs may require additional assessment.