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Norwalk's LIHTC 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
Norwalk, Connecticut, a city in Fairfield County, has a LIHTC funded affordable housing inventory of 392 total units, with 294 designated as low-income units. This represents approximately 1.12% of the city's estimated 35,012 housing units. The city has received $3,524,951 in project tax credits through the LIHTC program, averaging $352,495 per project and $8,992 per unit. Norwalk's share of Connecticut's total LIHTC funding is 3.28%.
Norwalk's LIHTC projects span from 1989 to 2018, with Oak Knoll Apartments being the earliest and Washington Village Phase 1 the most recent. The 1990s saw multiple project completions, including 30 West Ave Apts, New City Hotel, and The Marvin. The housing inventory offers diverse unit types: 45 efficiencies, 124 one-bedroom units, 142 two-bedroom units, 21 three-bedroom units, and 4 four-bedroom units.
Specific projects target particular populations. Fair Street Apts, completed in 2010, focuses on veterans' housing needs. Elmcrest Terrace Supportive Housing, finished in 2013, provides supportive housing with potential additional services for stable housing maintenance.
Norwalk's population has grown steadily from 87,775 in 2013 to 91,381 in 2022. The median income has shown an overall upward trend, increasing from $80,382 in 2013 to $107,140 in 2022. This economic growth may influence the city's affordable housing needs.
The city's racial demographics in 2022 were approximately 45% White, 33% Hispanic, 16% Black, and 3% Asian, highlighting the importance of inclusive affordable housing policies.
Norwalk's LIHTC funded affordable housing inventory represents a significant investment in addressing low-income housing needs, despite being modest compared to the overall housing stock. The city's share of state LIHTC funding and diverse unit types indicate a commitment to affordable housing. The focus on specific populations demonstrates efforts to address varied housing needs. As Norwalk continues to grow and evolve demographically and economically, ongoing attention to affordable housing remains crucial for maintaining a balanced and inclusive community.
