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Affordable Housing in Auburn: Two Decades of LIHTC Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Auburn, California, a city with a population of 17,206 as of 2022, covers an area of 7.2 square miles. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 235 total units, with 227 designated as low-income units. Based on an estimated housing inventory of 6,592 units, LIHTC-funded affordable housing represents approximately 3.56% of the city's housing stock.
Auburn has received $1,144,100 in project tax credits through the LIHTC program. With approximately 5 projects, this equates to an average of $228,820 in federal funding per project, or $4,868 per unit. Auburn accounts for 0.04% of California's total LIHTC funding allocation.
The city's affordable housing projects span from 1999 to 2017, indicating nearly two decades of LIHTC presence in Auburn. The first project, Brookside Senior Apts, was completed in 1999, while the most recent, Auburn Villa Apartments, was finished in 2017. The 2000s saw the most affordable housing development, with projects such as Palm Terrace Apts (2003) and Mcauley Meadows Apts (2013) being completed.
Auburn's LIHTC-funded housing stock includes a mix of unit types, with 96 one-bedroom units, 4 two-bedroom units, 48 three-bedroom units, and 12 four-bedroom units. This range of unit sizes suggests accommodation for various household compositions.
Over the past decade, Auburn's population has remained relatively stable, fluctuating between 17,000 and 18,000 residents. The median income has shown an overall upward trend, increasing from $71,338 in 2013 to $80,674 in 2022. This rise in median income may indicate a growing need for affordable housing options to support lower-income residents.
Racial demographics have shifted slightly, with the white population decreasing from 87% in 2013 to 77% in 2022. The Hispanic population has grown from 5% to 15% during the same period. This diversification may suggest a need for culturally sensitive affordable housing approaches.
Auburn's LIHTC-funded affordable housing represents a small but significant portion of the city's housing stock. The city has benefited from consistent affordable housing development over nearly two decades, with projects catering to various household sizes. While the percentage of affordable units is modest compared to the estimated housing inventory, it is important to note that other affordable housing programs may also contribute to meeting the city's needs. The rising median income and changing racial demographics underscore the ongoing importance of affordable housing initiatives in Auburn to ensure housing accessibility for all residents.
