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Affordable Housing in Foster City's Birds Neighborhood: LIHTC Impact and Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Birds neighborhood in Foster City, California, contains Low-Income Housing Tax Credit (LIHTC) funded affordable housing. There are 33 units in LIHTC-funded projects, with 32 designated as low-income units. Based on the 2022 population of 3,760 and using the national average household size, the neighborhood is estimated to have approximately 1,441 housing units. LIHTC-funded affordable housing represents about 2.3% of the estimated housing inventory in the Birds neighborhood.
The LIHTC program has provided $255,106 in tax credits for affordable housing in this neighborhood, averaging $7,730 in federal funding per unit. The neighborhood's LIHTC-funded affordable housing is represented by a single project, Miramar Apts, completed in 2002. This project has been providing affordable housing options in the Birds neighborhood for over two decades.
The Miramar Apts project offers a range of unit types to accommodate different household sizes. It includes 15 one-bedroom units, 17 two-bedroom units, and 1 three-bedroom unit. This distribution indicates a focus on small to medium-sized households, with a slight emphasis on two-bedroom units.
Over the past decade, the Birds neighborhood has experienced demographic shifts. The population has remained relatively stable, with a slight decrease from 3,918 in 2017 to 3,760 in 2022. Median income has fluctuated, reaching a peak of $199,939 in 2021 before decreasing to $170,049 in 2022.
The neighborhood has become more diverse over the past decade. The Asian population has remained relatively stable, representing 41% of the population in 2022. The white population has decreased from 50% in 2017 to 28% in 2022. The Hispanic population has increased from 6% in 2017 to 17% in 2022. The percentage of residents identifying as two or more races has also increased from 6% to 10% during this period.
The Birds neighborhood in Foster City has a single LIHTC-funded affordable housing project, Miramar Apts, which has been providing low-income housing options since 2002. This project represents a small but significant portion of the neighborhood's estimated housing inventory. The neighborhood has experienced demographic changes over the past decade, including increased diversity and fluctuations in median income. These trends highlight the importance of maintaining and potentially expanding affordable housing options to meet the evolving needs of the community.
