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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Windsor Hills, a neighborhood in Austin, Texas, features a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory comprises 492 total units, with 260 designated as low-income units. Based on the 2022 population of 13,127 and using the national average household size, the estimated housing inventory in Windsor Hills is approximately 5,030 units. The LIHTC funded affordable housing represents about 9.8% of the estimated housing inventory in the neighborhood.
The LIHTC program has supported four projects in Windsor Hills: Village At Collinwood, Villages At Fiskville, Laurel Creek Apartments (formerly Foundation Village), and Legacy Ranch @ Dessau East. These projects contribute to the diversity of housing options in the neighborhood. The inventory includes 146 one-bedroom units and 86 two-bedroom units, catering to various household sizes. This mix of unit types indicates an effort to accommodate different family configurations within the affordable housing stock.
Over the past decade, Windsor Hills has experienced notable demographic shifts. The population has grown from 11,167 in 2013 to 13,127 in 2022, indicating a steady increase in residents. Concurrently, the median income has risen from $54,732 in 2013 to $64,106 in 2022, suggesting an overall improvement in economic conditions for the neighborhood.
Racial demographics have also evolved. The Hispanic population, while remaining the largest group, has decreased from 53% in 2013 to 44% in 2022. Conversely, the White population has increased from 22% to 33% during the same period. The Black population has seen a slight decrease from 18% to 14%, while the Asian population has grown from 5% to 8%. These demographic changes, particularly the rise in median income and shift in racial composition, may have implications for the ongoing need for affordable housing in the neighborhood. The presence of LIHTC projects suggests a continued effort to maintain affordable options amidst these changes.
Windsor Hills demonstrates a significant commitment to affordable housing through its LIHTC funded projects. With 492 total units, including 260 low-income units, these developments play a crucial role in providing housing options for lower-income residents. The mix of one and two-bedroom units indicates an attempt to cater to diverse household needs. While the LIHTC projects cover nearly 10% of the estimated housing inventory, other affordable housing programs may also contribute to meeting the neighborhood's needs. The demographic trends over the past decade, including population growth, increasing median income, and shifting racial composition, underscore the dynamic nature of Windsor Hills and the ongoing importance of maintaining affordable housing options in this evolving neighborhood.