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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Western Hills and Yarborough Subdivision in Shreveport, Louisiana, has a presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 54 units in LIHTC funded projects, with 8 units designated as low-income. Based on the 2022 population of 9,509 and an estimated 3,643 housing units, LIHTC funded affordable housing comprises approximately 1.48% of the neighborhood's estimated housing inventory.
The LIHTC program has invested $23,355 in tax credits for affordable housing projects in this neighborhood, averaging about $432.50 in federal funding per unit. LIHTC funded affordable housing development occurred from 1993 to 2001, indicating nearly a decade of affordable housing presence. The 2000s saw the most activity in LIHTC funded affordable housing development, with projects such as Greenwood Villa I, Greenwood Villa II Townhomes, and Greenwood Villa Townhomes Phase II completed during this period.
The LIHTC funded housing inventory in Western Hills and Yarborough Subdivision includes a mix of unit sizes: 7 one-bedroom units, 21 two-bedroom units, 17 three-bedroom units, and 7 four-bedroom units. This distribution indicates accommodation for various household sizes, with emphasis on two and three-bedroom units.
Over the past decade, the neighborhood has experienced a population decline, from 10,553 in 2016 to 9,509 in 2022. Median income has fluctuated, showing an overall decrease from $59,048 in 2016 to $47,772 in 2022. The racial composition has remained relatively stable, with a slight decrease in the Black population (from 61% to 58%) and a small increase in the White population (from 30% to 38%) between 2016 and 2022.
These demographic shifts, particularly the declining population and decreasing median income, may indicate an ongoing need for affordable housing options in the neighborhood. However, no new LIHTC projects have been recorded in the last decade, suggesting that other affordable housing programs or initiatives may be addressing these needs.
Western Hills and Yarborough Subdivision has a modest LIHTC funded affordable housing inventory, covering about 1.48% of the estimated housing units. The LIHTC program has invested in creating a diverse range of unit sizes, with development activity concentrated in the early 2000s. While demographic trends show a declining population and fluctuating median income, the lack of recent LIHTC projects suggests that affordable housing needs may be addressed through other means or that the existing inventory is sufficient for current demand. This analysis provides a snapshot of LIHTC's contribution to affordable housing in the neighborhood, though a comprehensive understanding would require consideration of other housing programs and local market conditions.