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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Love Field Area neighborhood in Dallas, Texas, contains a notable inventory of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. This neighborhood, located near the Dallas Love Field Airport, has 137 affordable housing units, with 130 designated as low-income units. Based on the 2022 population of 12,030 and the national average household size of 2.61, there are approximately 4,609 housing units in the neighborhood. The LIHTC funded affordable housing comprises about 2.97% of the estimated housing inventory in the Love Field Area.
The Love Field Area has had LIHTC funded affordable housing projects since the early 1990s. The first project, Starlight Apartments, was completed in 1992, followed by Lakeridge Apartments in 1993. This indicates that affordable housing has been present in the neighborhood for over three decades.
The 1990s saw the most affordable housing development in this neighborhood, with both known LIHTC projects completed during this decade. Starlight Apartments offers 71 units, with 64 designated as low-income, while Lakeridge Apartments provides 66 units, all of which are low-income.
In terms of unit types, the LIHTC funded projects in the Love Field Area focus on smaller households. The inventory consists of 77 one-bedroom units and 60 two-bedroom units. This distribution suggests a focus on accommodating individuals, couples, and small families in the affordable housing stock.
Over the past decade, the Love Field Area has experienced demographic shifts. The population has remained relatively stable, with a slight increase from 11,409 in 2013 to 12,030 in 2022. Median income has shown overall growth, rising from $38,732 in 2013 to $49,913 in 2022, indicating improved economic conditions for residents.
Racial demographics have also evolved. The Hispanic population, while still the majority, has decreased from 82% in 2013 to 56% in 2022. The White population has increased from 11% to 25%, and the Asian population has grown from 4% to 9% during the same period. This suggests a trend towards increasing diversity in the neighborhood.
The absence of new LIHTC projects in the last decade may be partially explained by the rising median income and changing demographics. However, other affordable housing programs may be addressing the neighborhood's evolving needs.
The Love Field Area neighborhood in Dallas has a foundation of LIHTC funded affordable housing established in the early 1990s, providing 137 units primarily composed of one and two-bedroom apartments. These units cover a small percentage of the estimated housing inventory but represent a significant contribution to affordable housing in the area. The neighborhood has experienced demographic changes over the past decade, including income growth and increased racial diversity. These shifts may influence future affordable housing needs and development in the Love Field Area.