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Affordable Housing in Centerville: LIHTC Impact and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Centerville, a neighborhood in Fremont, California, has 194 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, with 110 designated as low-income. Based on the 2022 population of 16,080 and the national average household size of 2.61, the estimated housing units in the neighborhood are 6,161. LIHTC funded affordable housing represents approximately 3.15% of the estimated housing inventory.
The LIHTC projects in Centerville have received $2,371,455 in tax credits, averaging $12,224 in federal funding per unit. The neighborhood's LIHTC-funded affordable housing spans from 2006 to 2012, with Maple Square Apt Homes and Cottonwood Place marking the beginning and end of this development period.
The LIHTC-funded housing in Centerville offers 15 efficiencies, 93 one-bedroom units, 47 two-bedroom units, and 39 three-bedroom units. This distribution accommodates various household sizes, from individuals to small families.
Centerville's population increased from 14,147 in 2010 to 16,080 in 2022. Median income rose from $92,585 in 2013 to $121,661 in 2022, indicating an increase in affluence.
Racial demographics have changed significantly. The Asian population increased from 42% in 2013 to 60% in 2022. The Hispanic population decreased from 22% to 15%, and the White population from 25% to 16% during the same period. These demographic shifts may influence future affordable housing needs and strategies in the neighborhood.
Centerville's LIHTC-funded affordable housing inventory provides a foundation for addressing low-income housing needs, despite being modest in relation to the total housing stock. The neighborhood has two LIHTC projects completed between 2006 and 2012, offering various unit types. The significant increase in median income and shifts in racial demographics over the past decade suggest a changing neighborhood landscape, potentially influencing future affordable housing demands and development strategies.
