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Affordable Housing in Casa Grande: LIHTC Program's Impact on a Growing Arizona City
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Casa Grande, Arizona, a city in Pinal County, utilizes Low-Income Housing Tax Credit (LIHTC) funded projects to address affordable housing needs. The city has 544 total units in LIHTC-funded projects, with 426 designated as low-income units. This comprises approximately 2.15% of the city's estimated 25,271 housing units.
Casa Grande has received $638,546 in project tax credits for affordable housing through the LIHTC program. With approximately 6 projects, this averages $106,424 per project and $1,174 per unit. The city holds 0.31% of the total state LIHTC funding.
Affordable housing development in Casa Grande spans from 1996 to 2013. Somerset Manor Apartments, completed in 1996, marks the earliest LIHTC project. The most recent development, Kachina Apartments, was completed in 2013. The late 1990s and early 2000s saw the most project completions, including Cottonwood Crossing Apartments and Silver Mesa Apartments in 1999, and Villas By Mary T Casa Grande in 2000.
The LIHTC-funded housing in Casa Grande offers 159 one-bedroom, 268 two-bedroom, and 117 three-bedroom units, catering to various household sizes within the low-income population.
Demographic analysis reveals population growth in Casa Grande from 53,928 in 2010 to 65,957 in 2022. The median income increased from $49,013 in 2013 to $56,736 in 2022. The Hispanic population grew from 37% in 2013 to 44% in 2022, while the white population decreased from 52% to 44% during the same period.
The absence of new LIHTC projects since 2013 may correlate with rising median income and population growth, potentially indicating changing housing needs or priorities. However, the persistent racial diversity and continued population growth suggest that affordable housing remains a significant consideration for Casa Grande.
In conclusion, Casa Grande's LIHTC-funded affordable housing inventory provides a foundation for addressing low-income housing needs, covering a small but significant portion of the city's housing stock. The city experienced steady development of affordable housing projects over nearly two decades, with diverse unit types accommodating different household sizes. Despite the lack of recent LIHTC projects, the changing demographics and growing population indicate that affordable housing will likely remain an important aspect of Casa Grande's urban development strategy.
