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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Truman Heights, a neighborhood in Mesquite, Texas, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory consists of 352 total units, with 299 designated as low-income units. This substantial number of affordable housing units plays a crucial role in addressing the community's housing needs.
Based on the estimated 1,181 housing units in the neighborhood, the LIHTC-funded affordable housing covers approximately 29.8% of the neighborhood's housing inventory. This percentage is notably high, indicating that LIHTC projects contribute significantly to the area's affordable housing stock.
The LIHTC program has invested $44,958 in tax credits for affordable housing projects in Truman Heights. When divided by the total number of units (352), this equates to an average federal funding of about $128 per unit. The neighborhood's LIHTC inventory is represented by a single project, Hillcrest Apartments, which was completed in 2006. This project has been providing affordable housing options in Truman Heights for over 15 years.
Hillcrest Apartments offers a diverse mix of unit types, including 58 one-bedroom units, 21 two-bedroom units, and 84 three-bedroom units. This variety caters to different household sizes and needs within the low-income community.
Over the past decade, Truman Heights has experienced fluctuations in its population and median income. The population has remained relatively stable, ranging from about 2,500 to 3,200 residents. Median income has shown some variability, with recent years seeing an increase from $27,708 in 2021 to $41,252 in 2022.
Racial demographics in Truman Heights have shifted over the years. The Black population has remained a significant portion of the community, ranging from 33% to 46% in the last decade. The Hispanic population has grown, increasing from 23% in 2013 to 37% in 2022. The White population has decreased from 31% in 2013 to 19% in 2022. These demographic changes may influence the ongoing need for affordable housing in the area.
Truman Heights demonstrates a substantial commitment to affordable housing through its LIHTC-funded project. The Hillcrest Apartments, completed in 2006, provides a significant number of low-income units, covering nearly 30% of the estimated housing inventory in the neighborhood. This high percentage of affordable housing aligns with the goal of having 15-20% of housing stock as affordable, potentially even exceeding it. The diverse unit mix caters to various household sizes, addressing different needs within the low-income community. As demographic shifts continue in Truman Heights, particularly with growing Hispanic populations and fluctuating median incomes, the presence of this LIHTC project remains crucial in supporting the neighborhood's affordable housing needs.