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Affordable Housing Landscape in East Haven, Zip Code 06512: Two Decades of LIHTC Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
East Haven, located in Connecticut's zip code 06512, has a specific affordable housing landscape supported by the Low-Income Housing Tax Credit (LIHTC) program. The zip code contains 88 total units in LIHTC-funded projects, with 23 units designated as low-income. Based on the 2022 population of 29,958 and an estimated 11,478 housing units, the LIHTC-funded affordable housing comprises approximately 0.77% of the zip code's estimated housing inventory.
The LIHTC program has invested in this area, with project tax credits totaling $1,424,468. This equates to an average federal funding of $16,187 per unit across all LIHTC-funded projects in the zip code. This funding represents 1.33% of Connecticut's total LIHTC allocation, indicating a substantial investment in this specific area.
Affordable housing has been present in East Haven for over two decades. The earliest LIHTC project, Union School Senior Apts, was completed in 2000, while the most recent, The Tyler (formerly East Haven High School Apartments), was finished in 2020. This 20-year span demonstrates a sustained commitment to affordable housing in the area.
The 2020s saw significant development in affordable housing, with The Tyler project adding 70 units to the inventory. The housing mix in LIHTC projects is predominantly one-bedroom units (79), complemented by 5 two-bedroom units and 4 efficiencies.
Over the past decade, East Haven has experienced demographic shifts that may have influenced affordable housing needs. The population has grown from 23,724 in 2013 to 29,958 in 2022, an increase of about 26%. This growth could indicate an increased demand for housing, including affordable options.
Median income in the zip code has fluctuated, rising from $63,258 in 2013 to $67,996 in 2022. This income growth of about 7.5% over a decade, when factoring in inflation, suggests a potential need for affordable housing options to support lower-income residents.
The racial composition of the area has also evolved. The white population decreased from 75% in 2013 to 68% in 2022, while the Hispanic population increased from 12% to 20%. This diversification may have influenced the need for varied housing options to accommodate different cultural and economic backgrounds.
East Haven's LIHTC-funded affordable housing inventory, while modest in relation to the overall housing stock, represents a significant investment in the community. The area has seen consistent development of affordable housing over two decades, with the most recent project completed in 2020. The predominance of one-bedroom units suggests a focus on smaller households or individuals. The demographic trends, including population growth, modest income increases, and increasing diversity, align with the ongoing development of affordable housing options in the zip code. These LIHTC projects play a role in addressing the evolving housing needs of the community.
