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Meriden's Affordable Housing: LIHTC Inventory 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
Meriden, Connecticut has a notable presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The city's LIHTC inventory comprises 528 total units, with 456 designated as low-income units. This represents approximately 2.3% of Meriden's estimated housing stock of 23,202 units.
Meriden has approximately 7 LIHTC funded projects. The majority of these projects were completed in 1997, indicating a significant affordable housing development initiative during that year. Notable projects from this period include Bradley Estates Phase I and II, Hanover Towers, and Harbor Towers.
The LIHTC funded housing in Meriden offers a range of unit types. The inventory includes 1 efficiency unit, 341 one-bedroom units, 109 two-bedroom units, and 32 three-bedroom units. This distribution suggests a focus on accommodating smaller households and families.
Meriden's population has remained relatively stable over the past decade, with a slight increase from 59,711 in 2019 to 60,556 in 2022. The median income has shown a gradual upward trend, rising from $78,205 in 2019 to $77,416 in 2022.
The city has experienced shifts in racial demographics. The Hispanic population has increased from 29% in 2019 to 37% in 2022, while the white population has decreased from 58% to 50% during the same period. The Black population has remained relatively stable at around 7-9%. These demographic changes may indicate an ongoing need for affordable housing options in Meriden.
Meriden's LIHTC funded affordable housing inventory, while significant, covers a small percentage of the city's estimated housing stock. The majority of these projects were developed in the late 1990s, with a focus on one-bedroom units. The city's changing demographics, including population growth and shifts in racial composition, suggest a continued need for affordable housing options. As Meriden evolves, ongoing assessment of affordable housing needs will be crucial to ensure adequate housing options for all residents.
