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Chantilly: LIHTC Affordable Housing and 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
Chantilly, Virginia, a suburban community near Washington D.C., has 410 units in Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects. Of these, 41 are designated as low-income units. The LIHTC-funded housing represents approximately 4% of the city's estimated 10,290 housing units.
Chantilly has received $1,460,447 in project tax credits through the LIHTC program. With two projects, this averages $730,223.50 per project. The average federal funding per unit is $3,562.07. Chantilly holds 0.32% of Virginia's total LIHTC funding, indicating a small share of the state's affordable housing initiatives.
The city's LIHTC-funded affordable housing development occurred between 2001 and 2006. The Fields of Chantilly project was completed in 2001, and the Chantilly Mews project in 2006. The 2000s decade saw the most affordable housing development in the city.
The LIHTC projects in Chantilly consist primarily of two-bedroom units (329) and three-bedroom units (81). This distribution suggests a focus on accommodating families or households with multiple members.
Chantilly's population decreased slightly from 27,683 in 2018 to 26,858 in 2022. The median income has fluctuated but remained high, reaching $139,961 in 2022, indicating an affluent community. Racial demographics have shifted, with the Asian population increasing from 31% in 2018 to 39% in 2022, while the white population decreased from 40% to 35%. The Hispanic population has remained stable at around 20%.
The absence of new LIHTC projects in the last decade may be attributed to the city's high median income and relatively stable population, potentially indicating less demand for additional low-income housing.
Chantilly's LIHTC-funded affordable housing represents a small portion of its total housing stock. The city's two LIHTC projects, developed in the early 2000s, provide 410 units with a focus on two and three-bedroom apartments. The city has experienced demographic shifts, particularly in racial composition. Its high median income and stable population may explain the lack of recent LIHTC developments. The analysis reveals a community with limited but present affordable housing options, reflecting its suburban, affluent character.
