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Affordable Housing in Fuller Park: A Three-Decade LIHTC Project Amidst Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Fuller Park, a neighborhood in Napa, California, has one Low-Income Housing Tax Credit (LIHTC) funded project. This project, Mayacamas Village Apartments, provides 42 affordable units, including 5 low-income units. Based on the 2022 population of 3,561 and the national average household size of 2.61, the neighborhood is estimated to have approximately 1,364 housing units. The LIHTC-funded affordable housing represents about 3.1% of the estimated housing inventory in Fuller Park.
The LIHTC program has invested $489,726 in tax credits for affordable housing in Fuller Park. This equates to an average federal funding of approximately $11,660 per unit in the LIHTC-funded project. Mayacamas Village Apartments, completed in 1994, has been providing affordable housing options in Fuller Park for nearly three decades.
Mayacamas Village Apartments offers a variety of unit types, including 16 two-bedroom units, 25 three-bedroom units, and 1 four-bedroom unit. This distribution indicates a focus on accommodating families of various sizes within the affordable housing complex.
Fuller Park has experienced demographic changes over the past decade. The population has decreased from 3,889 in 2015 to 3,561 in 2022, a decline of about 8.4%. Despite this population decrease, the median income has shown an overall upward trend, increasing from $73,138 in 2015 to $70,026 in 2022, with fluctuations in between.
The racial composition of Fuller Park has also changed. The Hispanic population has increased from 46% in 2015 to 47% in 2022, while the white population has remained stable at 51% during the same period. The Asian, Black, and multiracial populations have maintained small but consistent percentages throughout the decade.
No new LIHTC projects have been built in Fuller Park since 1994. This could be attributed to various factors, including changes in local housing policies, shifts in funding priorities, or a perceived reduction in demand for additional affordable housing units in the area.
Fuller Park's affordable housing landscape is characterized by a single LIHTC-funded project, Mayacamas Village Apartments, which has served the community for nearly 30 years. This project provides 42 affordable units, covering only a small percentage of the estimated housing inventory in the neighborhood. The area has experienced a slight population decrease and income fluctuations over the past decade, along with subtle shifts in racial composition. These demographic changes, combined with the lack of new LIHTC projects since 1994, indicate a complex interplay of factors influencing affordable housing development in Fuller Park.
