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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Brookhaven, Georgia, has implemented the Low-Income Housing Tax Credit (LIHTC) program to support its affordable housing initiatives. The city's LIHTC-funded affordable housing inventory comprises 149 total units, with 132 designated as low-income units. This represents approximately 0.66% of Brookhaven's estimated housing inventory of 22,464 units.
Brookhaven has received $2,590,843 in project tax credits through the LIHTC program. With approximately 5 projects, this equates to an average of $518,169 in federal funding per project, or $17,388 per unit. Brookhaven's allocation represents 0.77% of Georgia's total LIHTC funding.
The city's LIHTC-funded affordable housing development spans from 1996 to 2012. The initial project, Bryton Hill Apts, was completed in 1996, while the most recent addition, Hearthside Brookleigh, was finished in 2012. This 16-year period demonstrates Brookhaven's sustained commitment to affordable housing development.
The 2000s marked the most significant period of affordable housing development, with four out of five projects completed during this decade. Notable developments include Ashford Parkside Senior Residences (2007), Ashford Parkside Landing Senior Residences (2009), and Ashford Landing Senior Residences (2009). The LIHTC-funded housing stock in Brookhaven primarily consists of 37 one-bedroom units and 112 two-bedroom units, addressing various household sizes and needs.
Brookhaven's population has grown steadily over the past decade, increasing from 50,545 in 2013 to 58,631 in 2022, a 16% increase. Concurrently, the median income has risen from $92,936 in 2013 to $117,784 in 2022, representing a 26.7% increase. Racial demographics have remained relatively stable, with slight increases in the Asian population (from 5% to 7%) and the Black population (from 9% to 12%). The Hispanic population has decreased from 23% to 17%, while the White population has maintained a majority at approximately 59%.
Despite population growth and rising median income, no new LIHTC projects have been recorded since 2012. This could be attributed to various factors, including changes in local housing policies, shifts in funding priorities, or focus on other affordable housing initiatives not captured in the LIHTC data.
Brookhaven's LIHTC-funded affordable housing inventory, while modest in relation to the city's total housing stock, represents a significant investment in addressing low-income housing needs. The city has utilized federal funding to create a diverse range of affordable units, primarily focused on one and two-bedroom configurations. The development of these projects spans over a decade and a half, with the most active period being the 2000s. While demographic trends show population growth and increasing median income, the lack of recent LIHTC projects suggests a potential shift in affordable housing strategies or priorities in the city.