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Chamblee's LIHTC-Funded Affordable Housing: A Decade of Development 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
Chamblee, Georgia, a suburban city northeast of Atlanta, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprising 144 units, all designated as low-income. This represents approximately 1.32% of the city's estimated 10,909 housing units.
Chamblee has received $1,228,461 in project tax credits through the LIHTC program, distributed across two projects. This equates to an average of $614,230.50 in federal funding per project, or $8,531.67 per unit. Chamblee's LIHTC funding constitutes 0.36% of Georgia's total LIHTC allocation.
The city's LIHTC-funded affordable housing development spans from 2007 to 2018. The most recent project, Senior Residences At Mercy Park, was completed in 2018, indicating continued investment in affordable housing during the 2010s.
Chamblee's LIHTC inventory consists of 89 one-bedroom units and 55 two-bedroom units. Both LIHTC projects in Chamblee - Chamblee Senior Residences and Senior Residences At Mercy Park - appear to target senior citizens, based on their names.
Chamblee's population increased from 25,065 in 2010 to 28,473 in 2022. The median income rose from $53,272 in 2013 to $65,647 in 2022, indicating improving economic conditions. The city's racial composition changed during this period, with the Hispanic population decreasing from 46% to 36%, while Asian and Black populations increased from 5% to 10% and 11% to 18%, respectively. The White population remained relatively stable at 33-34%.
The completion of Senior Residences At Mercy Park in 2018 aligns with the city's population growth and increasing median income, suggesting a response to changing demographics and potential increased demand for senior housing.
Chamblee's LIHTC-funded affordable housing inventory has grown over the past decade to address the needs of its evolving population. The focus on senior housing reflects the city's commitment to its aging residents. As Chamblee continues to experience demographic shifts and economic growth, ongoing monitoring of affordable housing needs will be crucial to ensure adequate housing options for all residents.
