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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Chollas View, a neighborhood in San Diego, California, had a population of 4,479 in 2022. The area contains two Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects, providing 112 units, with 110 designated as low-income. These LIHTC-funded units represent approximately 6.5% of the neighborhood's estimated 1,716 housing units.
The LIHTC program has invested $1,287,749 in tax credits for affordable housing projects in Chollas View, averaging about $11,498 per unit in federal funding. The neighborhood saw LIHTC-funded affordable housing development from 2016 to 2019, indicating a recent focus on affordable housing in the area. Two notable projects are Trolly Park Terrace, completed in 2016, and Harbor View Apartments, completed in 2019.
The housing inventory primarily consists of two-bedroom and three-bedroom units. There are 6 one-bedroom units, 48 two-bedroom units, and 58 three-bedroom units. This distribution suggests a focus on accommodating families and larger households.
Chollas View's population has fluctuated over the past decade, peaking at 5,510 residents in 2017 and declining to 4,479 by 2022. The median income has shown an overall upward trend, increasing from $50,439 in 2013 to $52,531 in 2022, with some fluctuations in between.
The racial composition of the neighborhood has changed over the years. The Hispanic population, while still the majority, has decreased from 78% in 2017 to 54% in 2022. There has been an increase in the Asian and Black populations, each reaching 17% in 2022. The White population has also seen a slight increase to 8% in 2022. The timing of the LIHTC projects (2016 and 2019) coincides with periods of population growth and income fluctuations in the neighborhood, suggesting a response to changing housing needs.
Chollas View's LIHTC-funded affordable housing inventory, while relatively recent, provides an important contribution to the neighborhood's housing stock. The two projects completed between 2016 and 2019 offer 112 units, primarily consisting of two and three-bedroom apartments, which align with the needs of families. The demographic shifts observed over the past decade, including changes in population, income levels, and racial composition, highlight the dynamic nature of the neighborhood and the ongoing importance of affordable housing options. The current LIHTC inventory covers about 6.5% of the estimated housing stock, representing a significant step towards addressing affordable housing needs in Chollas View.