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Affordable Housing in Fiddyment Farm: LIHTC Project Amidst Rapid Growth
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Fiddyment Farm, a neighborhood in Roseville, California, has experienced significant population growth over the past decade. The area contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing 156 units, with 155 designated as low-income units. This LIHTC-funded affordable housing represents approximately 4% of the neighborhood's estimated 3,878 housing units.
The LIHTC program has invested $1,106,940 in tax credits for affordable housing in Fiddyment Farm, averaging $7,096 per unit in federal funding. The Siena Apartments, completed in 2009, is the sole LIHTC project in the neighborhood. This development has been offering affordable housing options for over a decade.
The Siena Apartments provides a variety of unit types to accommodate different household sizes. The project includes 36 one-bedroom units, 72 two-bedroom units, and 48 three-bedroom units. This distribution indicates a focus on housing for small to medium-sized families.
Fiddyment Farm has experienced rapid population growth, with the number of residents increasing from 3,653 in 2015 to 10,122 in 2022. During this period, the median income has risen from $108,954 in 2015 to $153,168 in 2022. This substantial increase in median income may partially explain the absence of additional LIHTC projects since 2009.
The racial composition of the neighborhood has shifted notably. The percentage of Asian residents has increased from 14% in 2015 to 36% in 2022, while the proportion of white residents has decreased from 64% to 45% during the same period. The Hispanic population has remained relatively stable, around 12-13% of the total population.
Fiddyment Farm's affordable housing landscape is characterized by a single LIHTC project, the Siena Apartments, which provides 156 units of affordable housing. This project covers about 4% of the estimated housing stock and has been a consistent presence in the neighborhood since 2009. The rapid population growth, significant increase in median income, and changing racial demographics over the past decade may have influenced the lack of additional LIHTC developments. Future monitoring of these demographic shifts will be important to assess their impact on affordable housing needs and provision in Fiddyment Farm.
