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Edinburg's LIHTC-Funded Affordable Housing: A Decade of Growth and Diversity
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Edinburg, Texas, has a notable inventory of affordable housing funded by the Low-Income Housing Tax Credit (LIHTC) program. As of 2022, the city's population was 104,302, with 1,115 total units in LIHTC-funded projects. Of these, 435 are designated as low-income units. The estimated housing inventory of Edinburg is 39,962 units, indicating that LIHTC-funded affordable housing comprises approximately 2.79% of the city's housing stock.
The LIHTC program has allocated $707,354 in project tax credits to Edinburg. With an estimated 20 projects, this averages to about $35,368 per project or $634 per unit. Edinburg's share of the total state LIHTC funding is 0.61%, representing a modest portion of Texas's affordable housing resources.
Affordable housing development in Edinburg spans several decades, with the earliest LIHTC projects dating back to 1988 and the most recent completed in 2018. The 1990s witnessed the highest activity in LIHTC project completions, particularly in 1992 and 1993. Notable projects include "307 Gastel Cir" and "312 Gastel Cir" from 1988, as well as more recent developments such as "The Heights Apartments" (2017) and "Edinburg Village" (2018).
The LIHTC-funded housing in Edinburg offers a range of unit types to accommodate various household sizes. Out of the total 1,115 units, there are 28 efficiencies, 196 one-bedroom units, 85 two-bedroom units, 163 three-bedroom units, and 16 four-bedroom units. This distribution indicates a focus on housing smaller families or individuals.
Edinburg has experienced significant population growth over the past decade, increasing from 80,830 in 2013 to 104,302 in 2022, representing a 29% increase. This growth suggests an increasing demand for housing, including affordable options. The median income has risen from $41,938 in 2013 to $50,964 in 2022, potentially indicating an improving economic situation for some residents while possibly widening the affordability gap for others.
The racial composition of Edinburg has remained relatively stable, with a predominantly Hispanic population (approximately 87-89% throughout the decade). This demographic consistency may influence the types of community services and cultural considerations in affordable housing developments.
Edinburg's LIHTC-funded affordable housing inventory represents a small but significant portion of the city's housing stock. The city has consistently developed affordable housing projects over several decades, with a mix of unit types to meet diverse household needs. While the LIHTC program has contributed significantly to Edinburg's affordable housing, the rapid population growth over the past decade suggests an ongoing need for affordable housing solutions. The stable racial demographics and rising median income present both opportunities and challenges in addressing the city's evolving housing needs.
