OKC MAPS PROJECTS – 25 YEARS
Housing Units In most regions, population and housing growth are closely intertwined. Weak population growth downtown prior to MAPS coincided with a deteriorating housing market. Virtually no new housing development took place downtown from 1980 until 1998 when development began in Deep Deuce as the initial MAPS projects were coming online. The Deep Deuce at Bricktown apartments were completed in 2001 and their immediate success signaled the first major step in the revitalization of housing downtown. Housing Unit Growth – County Assessment Data Housing developers have since made considerable progress in transforming downtown into a much more attractive housing market for potential residents. A significant number of redevelopment efforts and new construction projects have been completed. Figure 15 details housing unit counts derived from county property assessment data by Census tract in the downtown study area. The data is tracked in two-year intervals from tax year 2009 to tax year 2017. Assessment data is available on an annual basis and, because of mandatory reporting requirements, provides a highly accurate count of housing units. However, assessment data has a time lag in the sense that property valuations are used in arrears by one year to calculate property taxes. The most recent year of assessment data covers tax year 2017 which reflects market valuations in calendar year 2016. This lags one year behind the most recently available data embedded in the Census 5-year ACS estimates of housing units for 2017 discussed in a subsequent section. Much like population growth, assessment data suggest that downtown housing development accelerated sharply since 2009, reaching a reported total of 7,635 units in 2017. Approximately 2,700 units were added in the study area between tax years 2009 and 2017, a 55.3% gain in the period. More than 90 percent (2,453 units) of new units added since 2009 were built between tax years 2013 and 2017, the latter half of the full period examined. Three-fourths of new downtown residential units added since 2009 are found in just two Census tracts – 1025 (St. Anthony Hospital, 1,052 units) and 1038 (Bricktown and Deep Deuce, 1,006 units). This is consistent with the largest adjusted population gains reported in these tracts in Figure 13. These two tracts are now home to the largest concentrations of total residential units among all study area tracts. Two additional tracts – 1026 (Department of Commerce, 330 units) and 1030 (South OU Health Center, 311 units) – account for most of the balance of new residential units. Both tracts posted nearly all their growth recently, between 2015 and 2017. The only other substantial housing unit gain is found in tract 1036.01 in the central business district, with 62 new units added between 2009 and 2017. All other tracts posted small net gains or losses in residential unit count. The three historically residential northern tracts showed little net change in unit count between 2009 and 2017, with two (1017 and 1018) of three northern tracts posting small declines. These small unit gains reflect the largely built-out nature of the area and limited in-fill of multiple units per plot. The mostly-nonresidential tract (1037) near Union Station experienced the largest decline (42 units) in the period, a small loss in number but one that represents more than half the total units in the tract back in 2009. These housing unit losses largely reflect changing land-use patterns in the area. Tract 1040
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