Loading Content...
West Hartford: LIHTC-Funded Affordable Housing for Elderly Residents
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
West Hartford, Connecticut, has a specific affordable housing landscape influenced by the Low-Income Housing Tax Credit (LIHTC) program. The city's LIHTC-funded affordable housing inventory comprises 137 units, all designated as low-income units. Based on the 2022 population of 64,088 and an estimated 24,555 housing units, LIHTC-funded affordable housing represents approximately 0.56% of the city's estimated housing inventory.
West Hartford has received $11,079,547 in project tax credits through the LIHTC program. With one project, this translates to an average federal funding of $11,079,547 per project and $80,873 per unit. The city holds 10.32% of Connecticut's total LIHTC funding, indicating a significant share of the state's affordable housing resources.
The sole LIHTC-funded project in West Hartford is the Alfred E. Plant Elderly Housing, completed in 2012. This project marks the introduction of LIHTC-funded affordable housing in the city, with 137 units dedicated to low-income residents. The housing inventory consists of 4 efficiencies and 133 one-bedroom units, suggesting a focus on smaller households or individuals.
West Hartford has experienced minimal population growth over the past decade, increasing from 63,329 in 2013 to 64,088 in 2022. The median income has risen from $93,896 in 2013 to $106,438 in 2022, indicating overall economic growth in the city.
Racial demographics have shown slight shifts, with the white population decreasing from 75% in 2013 to 69% in 2022. There have been modest increases in Asian, Black, and Hispanic populations, suggesting growing diversity. The Hispanic population has grown from 9% to 13% during this period.
The completion of the Alfred E. Plant Elderly Housing project in 2012 aligns with the beginning of this demographic data period, potentially addressing the needs of an aging population in the city.
West Hartford's LIHTC-funded affordable housing, limited to one project, represents a significant investment in addressing the needs of low-income residents, particularly elderly individuals. The city's share of state LIHTC funding is substantial, indicating recognition of affordable housing needs. The focus on efficiency and one-bedroom units in the Alfred E. Plant Elderly Housing project aligns with the needs of smaller households and older adults. As the city continues to grow and diversify, ongoing assessment of affordable housing needs will be crucial to ensure adequate support for all segments of the population.
