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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Desert Hot Springs, a California city known for its mineral springs, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city's LIHTC program has contributed 628 total units, with 621 designated as low-income units. Based on an estimated housing inventory of 13,688 units, LIHTC-funded affordable housing comprises approximately 4.6% of the city's housing stock.
Desert Hot Springs has received $5,176,109 in project tax credits through the LIHTC program. With approximately 10 projects, this translates to an average of $517,611 in federal funding per project. The average federal funding per unit is $8,242. Desert Hot Springs holds 0.17% of California's total LIHTC funding allocation.
The city's LIHTC-funded affordable housing history spans from 1989 to 2013. The first project, Terracina Apts At Desert Hot Springs, was completed in 1989, while the most recent, Verbena Crossing Apts, was finished in 2013. This indicates a 24-year period of affordable housing development in the city.
The 2000s saw the most significant affordable housing development activity, with six projects completed during this decade. Notable projects from this period include Arroyo De Paz Apts I and II (2006 and 2007), Casa Del Sol & Casa West Apts (2007), and Hacienda Hills (2010).
The LIHTC-funded housing inventory in Desert Hot Springs offers a diverse range of unit types. Out of the 628 total units, there are 50 efficiencies, 189 one-bedroom units, 86 two-bedroom units, 87 three-bedroom units, and 20 four-bedroom units. This distribution caters to various household sizes and needs within the low-income population.
Over the past decade, Desert Hot Springs has experienced notable demographic shifts. The population has grown from 30,101 in 2013 to 35,725 in 2022, an 18.7% increase. During this period, the median income rose from $35,143 in 2013 to $43,617 in 2022, representing a 24.1% increase.
Racially, the city has become more diverse. The Hispanic population has increased from 53% in 2013 to 63% in 2022, while the white population decreased from 34% to 25%. The Black population has also seen a slight increase from 5% to 7% during this period.
It is worth noting that the last LIHTC project was completed in 2013. The subsequent population growth and income increase might suggest a potential need for additional affordable housing units to keep pace with the city's evolving demographics.
Desert Hot Springs has a notable LIHTC-funded affordable housing inventory, covering 4.6% of its estimated housing stock. The city has received over $5 million in tax credits, supporting 10 projects over 24 years. The housing stock is diverse, catering to various household sizes. While the last LIHTC project was completed in 2013, the city has experienced significant population growth and demographic changes since then, potentially indicating a need for further affordable housing development to meet the evolving needs of the community.