Affordable Housing & Increased Interest in Downtown Revitalization in Tyler, Texas by J.D. Meyer

“Affordable housing in Tyler: What do you want to know?The Tyler Loop, an in-depth digital magazine, and the Tyler Morning Telegraph, Tyler’s daily newspaper, are teaming up to help our community better understand a topic that’s on a lot of people’s minds.” My editorial will provide some answers to two of the five questions. “What does affordable housing in Tyler look like today? Where is it?” https://thetylerloop.com/what-do-you-want-to-know-about-affordable-housing-in-tyler-were-reporting-together-to-answer-your-questions/ Furthermore, I will address the “increased interest in downtown revitalization” too.

As a former teacher, who has a HUD-subsidized apartment, I feel compelled to provide information and maybe some commentary. Furthermore, I have been volunteering with the East Texas Human Needs Network (ETHNN) for several years, and their Housing Committee provides these findings. http://www.ethnn.org/housing.html

The WorldPopulationReview.com http://worldpopulationreview.com/us-cities/tyler-tx-population/cites the census for its statistics on average income and rent. The Tyler Texas 2019 population estimate is 105,729. Tyler median household income is $46,463/year, and the median rent is $864/month. https://www.census.gov/programs-surveys/acs/  Spending no more than 30% of your income on rent is acceptable; this figure is only 22.21% on rent. Yet the average earnings are only $31, 414/year. According to this figure, we spend an average of 33% on rent. Poverty is 20.21%.

Section 42 Internal Revenue Code makes apartments affordable through cooperation of private industry and the federal government. Even if I wasn’t on HUD, there’s a smaller discount for those looking for affordable apartments. My complex has the plaque on an office wall. https://en.wikipedia.org/wiki/Low-Income_Housing_Tax_Credit

Here’s a list of 20 Low Income apartments in Tyler. Our listings include:
  1. HUD apartments
  2. Section 8 apartments
  3. Public Housing apartments
  4. Non-profit senior and family low income apartments
  5. Low income tax credit apartments (LIHTC)

https://www.lowincomehousing.us/TX/tyler.html

This should represent a good start for a study of affordable housing in Tyler. Tyler attracts a wide age range through its three colleges, and it is a senior welcoming city. Healthcare, with its two large hospitals and many different types of doctors, is the leading employment field of the city. https://livability.com/tx/tyler Cities like Tyler are nicknamed “Eds & Meds” economies.

Now let’s look at Downtown Tyler and the interest in continued revitalization. It began with the Heart of Tyler https://www.heartoftyler.org in 1987. It became a Main Street program in 1990. The Main Street 4-Point Approach is Organization, Promotion, Economic Restructuring, and Design. Tyler Center is Houston ST on the south, Beckham AV on the east, Palace on the west, and Bow on the north by https://www.neighborhoodscout.com/tx/tyler/city-center.   This website analyzes the real estate situation. Nearly 1/3 of rental properties are small 2, 3, or 4 unit apartment buildings—higher than 95% of the USA. Median real estate price is $73, 655—less expensive than 90.5% of Texas. Rental price is $953/month, better than 81.7% of Texas. The majority of the Tyler Central population is low income—more than almost 94% of the USA! More people are moving to Downtown Tyler, as almost 98% didn’t live there five years ago. At 25.6%, the real estate vacancy is higher than 91.5% of the USA.  To conclude, Central Tyler should continue to draw in more residents.

This analysis of Downtown Revitalization could have focused on a variety of factors—such as the Art Gallery, restaurants, murals, etc. However, I chose to analyze who actually lives there and why you could move there too.