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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Garland, Texas, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has 2,158 total units in LIHTC-funded projects, with 1,648 designated as low-income units. This represents approximately 2.34% of the city's estimated housing inventory of 92,210 units.
Garland has received $596,042 in project tax credits for affordable housing through the LIHTC program. With approximately 15 projects, this averages $39,736 in federal funding per project, or about $276 per unit. Garland holds 0.51% of the total state LIHTC funding, indicating its contribution to affordable housing within Texas.
The city's involvement with LIHTC-funded affordable housing began in 1987 with the Trails Apartments project. The most recent project on record is Palladium Garland, completed in 2018, demonstrating over three decades of affordable housing development in the city.
The 1990s saw the most affordable housing activity, with projects like Orchard Hills, Hubbards Ridge Apartments, Lake Colony Apartments, Meadows Apartments, and Centerville Pointe being completed during this decade.
Garland's LIHTC-funded housing inventory offers a range of unit types. The breakdown includes 44 efficiencies, 585 one-bedroom units, 506 two-bedroom units, 204 three-bedroom units, and 77 four-bedroom units. This variety caters to different household sizes and needs within the low-income population.
Over the last decade, Garland's population has increased from 234,694 in 2013 to 240,667 in 2022. The median income has risen from $45,848 in 2013 to $71,191 in 2022, indicating economic improvement.
The racial composition of Garland has changed notably. The Hispanic population increased from 41% in 2013 to 47% in 2022, while the White population decreased from 33% to 22%. The Black population increased from 13% to 18%, and the Asian population remained relatively stable around 8-10%.
Despite demographic changes and income improvements, the completion of Palladium Garland in 2018 suggests a continued need for affordable housing options in the city.
Garland's LIHTC-funded affordable housing inventory represents a small but significant portion of its housing stock. The city has invested in affordable housing over three decades, with the most active period being the 1990s. The diverse unit types cater to various household sizes, reflecting the city's commitment to addressing different housing needs. While demographic trends show overall economic improvement, the continued development of LIHTC projects indicates an ongoing demand for affordable housing options in this growing and diversifying Texas city.