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Affordable Housing in Clovis: LIHTC Program's Impact on a Growing California 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
Clovis, California, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 387 total units, with 372 designated as low-income units. Based on the 2022 population of 124,546 and an estimated 47,719 housing units, LIHTC-funded affordable housing comprises approximately 0.81% of the city's estimated housing inventory.
Clovis has received $991,850 in project tax credits for affordable housing through the LIHTC program. With approximately 6 projects, this averages $165,308 per project, or $2,563 per unit. The city holds 3% of California's total LIHTC funding, indicating a significant contribution to the state's affordable housing efforts.
The LIHTC program has been active in Clovis for over 15 years, with the first project, Sierra Ridge, completed in 1990, and the most recent, Willows (Clovis), in 2005. The 1990s saw the most activity, with three projects completed during this decade: Sierra Ridge (1990), Cottonwood Grove (1992), and two projects in 1999 (Lexington Square and Clovis Senior Apts).
The LIHTC-funded housing in Clovis offers a range of unit types. The inventory includes 127 one-bedroom units, 127 two-bedroom units, 37 three-bedroom units, and 20 four-bedroom units, catering to various household sizes and needs.
Over the last decade, Clovis has experienced population growth, increasing from 99,758 in 2013 to 124,546 in 2022. This 24.8% growth rate suggests a rising demand for housing, including affordable options. Median income has increased from $65,095 in 2013 to $100,399 in 2022, potentially indicating a growing need for affordable housing for those who have not benefited from this economic growth.
The racial composition of Clovis has changed, with the Hispanic population increasing from 26% in 2013 to 35% in 2022, while the white population decreased from 56% to 47% during the same period. This demographic shift may influence future affordable housing needs and strategies.
Clovis's LIHTC-funded affordable housing inventory represents an investment in addressing low-income housing needs. The city's share of state LIHTC funding and the diversity of unit types suggest a targeted approach to affordable housing development. However, with rapid population growth and changing demographics, ongoing assessment and potential expansion of affordable housing initiatives may be necessary to meet evolving community needs.
