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Affordable Housing in College-Glen: LIHTC's Impact on a Sacramento Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The neighborhood of College-Glen in Sacramento, California, exhibits a distinctive affordable housing profile influenced by the Low-Income Housing Tax Credit (LIHTC) program. College-Glen contains one LIHTC-funded project, providing 99 affordable units, all categorized as low-income. Based on the 2022 population of 10,073 and an estimated 3,859 housing units, LIHTC-funded affordable housing comprises approximately 2.57% of the neighborhood's estimated housing inventory.
The LIHTC program has allocated $363,217 in tax credits for affordable housing in College-Glen. This equates to an average federal funding of $3,669 per unit, considering the 99 total units in the LIHTC-funded project.
Casa De Angelo Apts, the sole LIHTC project in College-Glen, was completed in 2009. This development has offered affordable housing options in the neighborhood for over a decade. It consists of 99 units, including one one-bedroom unit. The project targets the "At-Risk" population, indicating a focus on individuals or families who may be vulnerable to housing instability or homelessness.
College-Glen has undergone demographic changes over the past decade. The population increased from 9,170 in 2015 to 10,073 in 2022, showing a steady growth in residents. Median income has fluctuated, rising from $66,429 in 2015 to $68,704 in 2022, with variations in between.
Racial demographics have also shifted. The white population decreased from 63% in 2015 to 52% in 2022, while the Hispanic population increased from 22% to 27%. The Asian population grew slightly from 6% to 7%, and the Black population remained consistent at around 6%.
These demographic shifts, particularly the population growth and increase in Hispanic residents, may suggest an ongoing need for affordable housing options in the neighborhood. However, the absence of new LIHTC projects in the last decade indicates that other factors or housing programs may be addressing these needs.
College-Glen's affordable housing landscape is characterized by a single LIHTC-funded project, Casa De Angelo Apts, which provides 99 low-income units. This project, completed in 2009, represents a small but significant portion of the neighborhood's estimated housing inventory. The demographic trends over the past decade, including population growth and shifts in racial composition, highlight the evolving nature of the community and the potential ongoing need for affordable housing options. The LIHTC program has contributed to affordable housing in College-Glen, but the complete picture of affordable housing in the neighborhood likely involves additional programs and initiatives not captured in this analysis.
