Loading Content...
Affordable Housing in Don Edwards National Wildlife Refuge Neighborhood: LIHTC Impact Amidst Population Growth
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Don Edwards National Wildlife Refuge neighborhood in Fremont, California, has a specific Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The neighborhood contains 61 units in LIHTC funded projects, including 6 low-income units. Based on the 2022 population of 17,817 and an estimated 6,826 housing units, the LIHTC funded affordable housing comprises approximately 0.89% of the neighborhood's estimated housing inventory.
The neighborhood has received $2,500,000 in project tax credits for affordable housing through the LIHTC program. This equates to an average federal funding of about $40,984 per unit in LIHTC funded projects. The Warm Springs Tod Village Affordable #2 project, completed in 2020, is the most recent addition to the neighborhood's affordable housing stock. This project contributes to the area's affordable housing inventory, offering a mix of one-, two-, and three-bedroom units.
The LIHTC funded projects in the neighborhood include 12 one-bedroom, 33 two-bedroom, and 16 three-bedroom units. This unit mix accommodates various household sizes and needs within the community.
The neighborhood has experienced substantial population growth over the past decade, increasing from 12,931 in 2013 to 17,817 in 2022. During this period, the median income has risen from $126,271 in 2013 to $175,764 in 2022, indicating overall economic growth in the area.
The racial composition of the neighborhood has remained relatively stable. The Asian population increased from 57% in 2013 to 66% in 2022. The White population decreased from 15% to 12% during the same period, while other racial groups maintained relatively consistent proportions.
The completion of the Warm Springs Tod Village Affordable #2 project in 2020 coincides with a period of rapid population growth and increasing median income. This suggests that the LIHTC project was implemented to address the growing need for affordable housing in an area experiencing economic expansion.
The Don Edwards National Wildlife Refuge neighborhood has incorporated affordable housing through the LIHTC program, with 61 units in LIHTC funded projects. Although this represents a small percentage of the estimated housing inventory, it provides affordable options in an area experiencing significant population growth and rising median incomes. The 2020 completion of the Warm Springs Tod Village Affordable #2 project demonstrates a recent commitment to addressing affordable housing needs in this evolving neighborhood.
