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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Edison neighborhood in Fresno, California, demonstrates a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 1,144 units in LIHTC-funded projects, with 1,067 designated as low-income units. Based on the 2022 population of 30,882 and the national average household size, the estimated housing inventory for the neighborhood is approximately 11,832 units. LIHTC-funded affordable housing comprises about 9.7% of the estimated housing inventory, indicating a substantial contribution to the neighborhood's affordable housing needs.
The LIHTC program has invested significantly in Edison, with project tax credits totaling $9,874,183. This equates to an average federal funding of approximately $8,631 per unit in LIHTC-funded projects. The neighborhood has experienced consistent development of affordable housing over several decades, with the earliest project, Eden, completed in 1988, and the most recent projects, Annadale Commons and Mariposa Meadows, finished in 2020. This 32-year span demonstrates a long-term commitment to affordable housing in the area.
The 2000s and 2010s were particularly active decades for affordable housing development in Edison. Notable projects include Westgate Gardens Apartments (2003), Yosemite Village (2008), and Legacy Commons II (2018). The variety of unit types in these projects addresses diverse household needs, with 224 one-bedroom, 231 two-bedroom, 470 three-bedroom, and 138 four-bedroom units.
One project of particular interest is the Renaissance At Trinity Apartments, completed in 2011, which targets special needs populations. This project likely addresses specific housing challenges faced by vulnerable groups in the community. Additionally, Mariposa Meadows, completed in 2020, focuses on farmworker housing, reflecting the agricultural context of the Fresno area.
Over the past decade, Edison has experienced steady population growth, increasing from 27,785 in 2015 to 30,882 in 2022. This growth may have contributed to the continued development of affordable housing projects. The median income in the neighborhood has also risen, from $24,800 in 2015 to $31,483 in 2022, though it remains relatively low, underscoring the ongoing need for affordable housing options.
The racial demographics of Edison have shown some shifts, with the Hispanic population increasing from 61% in 2015 to 67% in 2022, while the Black population decreased from 18% to 14% during the same period. The Asian and White populations have remained relatively stable. These demographic changes may influence the design and targeting of future affordable housing projects to ensure they meet the evolving needs of the community.
The Edison neighborhood in Fresno has a substantial LIHTC-funded affordable housing inventory, covering nearly 10% of the estimated housing stock. The consistent development of affordable housing projects over more than three decades demonstrates a long-term commitment to addressing low-income housing needs. The variety of unit types and targeted populations, such as farmworkers and those with special needs, reflects efforts to meet diverse community requirements. As the neighborhood continues to grow and evolve demographically, ongoing investment in affordable housing will likely remain crucial to maintaining a balanced and inclusive community.