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Shandon's Affordable Housing: A Single LIHTC Project's Impact Since 1989
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Shandon, a neighborhood in Columbia, South Carolina, possesses a specific low-income housing tax credit (LIHTC) funded affordable housing inventory. The neighborhood contains 13 low-income units, all of which are affordable housing units. Based on the 2022 population of 4,554 and utilizing the national average household size, an estimated 1,745 housing units exist in the neighborhood. The LIHTC-funded affordable housing comprises approximately 0.75% of the estimated housing inventory in Shandon.
The LIHTC program has invested $19,167 in tax credits for affordable housing projects in Shandon. This equates to an average federal funding of $1,474 per unit. The neighborhood's affordable housing history commenced in 1989 with the completion of the "Oak & Senate St" project, which provided 13 one-bedroom units. This project constitutes the entirety of LIHTC-funded affordable housing in Shandon, indicating that the 1980s was the decade with the most affordable housing development activity.
Over the past decade, Shandon's population has remained relatively stable, fluctuating between 4,500 and 4,900 residents. The median income has exhibited some variability, ranging from approximately $61,000 to $75,000. Despite these fluctuations, there has not been significant new LIHTC development in recent years.
Racially, Shandon has maintained a predominantly white population, consistently above 85% throughout the past decade. There have been slight increases in Asian and Hispanic populations, while the Black population has remained relatively stable at around 4-5%. The absence of recent LIHTC developments may suggest that the existing affordable housing stock, combined with other potential housing programs not captured in this data, has been meeting the neighborhood's needs.
Shandon's LIHTC-funded affordable housing inventory, while small, has been a long-standing component of the neighborhood since 1989. The single project, "Oak & Senate St," provides 13 one-bedroom units, contributing to about 0.75% of the estimated housing stock. Despite changes in population and median income over the past decade, there has not been additional LIHTC development, which could indicate that other housing programs or market conditions are addressing affordable housing needs. The neighborhood's demographic composition has remained relatively stable, with a predominantly white population and small increases in diversity over time.
