Loading Content...
Affordable Housing Trends in Ogburn Station: A Single LIHTC Project Amidst Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Ogburn Station, a neighborhood in Winston-Salem, North Carolina, has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project. This project, Thirty-Six East Apts, provides 42 affordable housing units, including 28 low-income units. Based on the 2022 population of 2,753 and the national average household size, the neighborhood is estimated to have approximately 1,055 housing units. The LIHTC funded affordable housing accounts for about 4% of the estimated housing inventory in Ogburn Station.
The LIHTC program has invested $85,590 in tax credits for affordable housing in Ogburn Station. This equates to an average federal funding of about $2,038 per unit in the Thirty-Six East Apts project. Completed in 1992, this single project represents all LIHTC-funded affordable housing in the neighborhood. The project consists of 42 two-bedroom apartments, suitable for small families or individuals requiring additional space.
Over the past decade, Ogburn Station has undergone demographic changes. The population increased from 2,288 in 2013 to 2,753 in 2022, a growth of about 20%. Concurrently, the median income rose from $28,499 in 2013 to $36,040 in 2022, indicating a positive economic trend for the neighborhood.
The racial composition of Ogburn Station has shifted significantly. In 2013, the neighborhood was predominantly Black (49%) with substantial White (26%) and Hispanic (24%) populations. By 2022, the Hispanic population became the largest group at 44%, followed by Black residents at 37%, while the White population decreased to 17%. This change suggests increasing diversity in the neighborhood.
Despite these demographic changes and population growth, no new LIHTC projects have been developed in Ogburn Station since 1992. This could be attributed to various factors, including changes in housing policy, availability of suitable land for development, or shifts in prioritization of affordable housing needs across different areas of Winston-Salem.
Ogburn Station's affordable housing landscape is characterized by a single LIHTC project from 1992, providing 42 two-bedroom units. This project covers only a small percentage of the estimated housing inventory but has been a longstanding part of the neighborhood for over three decades. The area has experienced significant demographic changes in recent years, including population growth, increasing median income, and shifts in racial composition. However, there has been no new LIHTC development in the neighborhood since the initial project. This analysis provides an overview of LIHTC-funded affordable housing in Ogburn Station and its relation to the neighborhood's evolving demographics.
