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Burlington, Iowa: LIHTC-Funded Affordable Housing Amidst Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Burlington, Iowa, a city along the Mississippi River, had an estimated population of 26,142 in 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 285 total units, with 228 designated as low-income units. This represents approximately 2.8% of the city's estimated 10,016 housing units.
Burlington has received $3,825,951.06 in project tax credits through the LIHTC program. With approximately 5 projects, this equates to an average of $765,190.21 in federal funding per project, or about $13,424.39 in federal funding per unit. The city holds 1.81% of Iowa's total LIHTC funding.
The first LIHTC projects in Burlington, The Burlington Apartments and Hotel Burlington Senior Housing, were completed in 1998. The most recent project with a known completion date is Robinson Heights Apartments, finished in 2013. This 15-year span demonstrates a sustained effort to provide affordable housing in the city.
The 2010s saw the most affordable housing activity, with projects like Greenway of Burlington (2012) and Robinson Heights Apartments (2013) being completed during this decade. The LIHTC-funded housing in Burlington offers a mix of unit types, including 95 one-bedroom, 126 two-bedroom, 63 three-bedroom, and 1 four-bedroom units, catering to various household sizes and needs.
Burlington has experienced a gradual population decline, from 28,177 in 2010 to 26,142 in 2022. Despite this decrease, the median income has shown an overall upward trend, rising from $44,384 in 2013 to $50,901 in 2022. This increase in median income might suggest a changing economic landscape in the city.
The racial composition of Burlington has remained relatively stable, with a slight decrease in the white population (from 86% in 2013 to 84% in 2022) and small increases in other racial groups, particularly in the Black population (from 5% to 6%) and those identifying as two or more races (from 2% to 5%).
Burlington's LIHTC-funded affordable housing represents a small but significant portion of the city's housing inventory. The city has maintained a consistent effort to provide affordable housing options over the past two decades, with a focus on diverse unit types to accommodate various household sizes. The rising median income and subtle shifts in racial demographics suggest evolving housing needs that may influence future affordable housing initiatives in Burlington.
