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Affordable Housing in Duboce Triangle: LIHTC's Impact on a Changing 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
Duboce Triangle, a neighborhood in San Francisco, California, has a total of 90 LIHTC funded affordable housing units, with 87 designated as low-income units. This represents approximately 7.5% of the estimated 1,205 total housing units in the neighborhood. The LIHTC program has provided $1,382,799 in tax credits for affordable housing in Duboce Triangle, averaging about $15,364 per unit in LIHTC funded projects.
The sole LIHTC project in the area, "25 Sanchez," was completed in 2017. This project comprises 75 efficiency units and 15 one-bedroom units, catering primarily to single individuals or small households. The project represents the entirety of LIHTC funded affordable housing in Duboce Triangle.
Over the past decade, Duboce Triangle has experienced demographic changes. The population has remained relatively stable, fluctuating between 3,000 and 3,300 residents. However, the median income has increased significantly, rising from $110,887 in 2013 to $139,707 in 2022. This upward trend in income levels may have influenced the need for affordable housing in the area.
Racial demographics in Duboce Triangle have also evolved. The white population has decreased from 75% in 2013 to 66% in 2022, while the Asian population has increased from 8% to 13% during the same period. The Hispanic population has remained relatively stable at around 10-11%. These changes reflect a gradual diversification of the neighborhood.
The completion of the 25 Sanchez project in 2017 coincides with a period of increasing median income and racial diversification in the neighborhood. This suggests that the LIHTC project may have been implemented to maintain economic diversity and ensure housing opportunities for lower-income residents amidst rising costs of living.
Duboce Triangle's LIHTC funded affordable housing inventory provides an important component of the neighborhood's housing mix. The 25 Sanchez project offers 90 units primarily consisting of efficiencies and one-bedroom apartments. This affordable housing stock represents about 7.5% of the estimated total housing units in the area. The neighborhood has experienced rising median incomes and gradual racial diversification over the past decade, highlighting the importance of maintaining affordable housing options in an evolving urban landscape.
