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Affordable Housing in Citrus Heights: LIHTC Impact on City's Housing Landscape
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Citrus Heights, a city in California, has a notable presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The city's LIHTC inventory includes 669 total units, with 449 designated as low-income units. Based on the 2022 population of 86,440 and an estimated 33,119 housing units, the LIHTC-funded affordable housing represents approximately 2.02% of the city's estimated housing inventory.
Citrus Heights has received $1,871,996 in project tax credits for affordable housing through the LIHTC program. With four approximate projects, this translates to an average of $467,999 in federal funding per project. The average federal funding per unit is $2,798, considering the total 669 units in LIHTC-funded projects. The city holds 0.06% of California's total LIHTC funding, indicating a relatively small but significant contribution to the state's affordable housing efforts.
Affordable housing has been a part of Citrus Heights for over two decades, with the first LIHTC project, Greenback Manor Apartments, completed in 1999, and the most recent, Vintage Oaks, in 2010. The 2000s saw the most affordable housing development, with three out of four projects completed during this decade. The LIHTC-funded housing in Citrus Heights offers a diverse range of units, including 357 one-bedroom, 156 two-bedroom, 32 three-bedroom, and 16 four-bedroom units. This distribution suggests a focus on accommodating various household sizes, with a majority of units suitable for small families or individuals.
Over the past decade, Citrus Heights has experienced slight population fluctuations, with a peak of 87,924 residents in 2017 and a decline to 86,440 by 2022. The median income has shown an overall upward trend, rising from $47,955 in 2013 to $73,923 in 2022, potentially indicating improved economic conditions for some residents.
Racial demographics have remained relatively stable, with the white population consistently representing the majority, though decreasing slightly from 72% in 2013 to 64% in 2022. The Hispanic population has shown some variability, ranging from 15% to 24% over the years. Asian and Black populations have remained relatively steady, each consistently representing around 3-4% of the population.
The lack of new LIHTC projects since 2010 could be attributed to the rising median income, which might have reduced the perceived need for additional affordable housing. However, the persistent income disparity and diverse population suggest that affordable housing needs may still exist for certain segments of the community.
Citrus Heights' LIHTC-funded affordable housing represents a small but important portion of the city's housing inventory. The four projects, developed between 1999 and 2010, provide a range of unit sizes to accommodate diverse household needs. While the city has seen economic improvements over the past decade, as evidenced by rising median incomes, the diverse racial makeup and income disparities suggest ongoing affordable housing needs. The analysis highlights the complex interplay between demographic trends, economic factors, and affordable housing development in Citrus Heights.
