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Affordable Housing in Garden Grove: LIHTC Program 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
Garden Grove, a California city, has a Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory of 971 total units, including 857 low-income units. This inventory represents approximately 1.5% of the city's estimated 64,852 housing units. The LIHTC program has provided $5,109,012 in project tax credits to Garden Grove, accounting for 0.17% of California's total LIHTC funding allocation.
Garden Grove has participated in the LIHTC program for nearly three decades, with projects ranging from 1989 to 2017. The city has received an average of $567,668 in federal funding per project, or about $5,262 per unit. The 1990s saw significant affordable housing development activity in the city.
The LIHTC-funded housing inventory in Garden Grove includes a diverse mix of unit types: 1 efficiency unit, 292 one-bedroom units, 170 two-bedroom units, and 108 three-bedroom units. One notable project, Grove Park Apts completed in 2010, targets the "At-Risk" population, addressing the needs of vulnerable individuals or families.
Garden Grove's population has decreased slightly from 175,384 in 2015 to 169,265 in 2022. However, the median income has increased significantly from $58,123 in 2015 to $86,975 in 2022. This rise in median income may affect the demand for affordable housing in the city.
The racial demographics of Garden Grove have shown some changes over the past decade. The Asian population has remained relatively stable at around 44% since 2017. The Hispanic population has decreased slightly from 38% in 2015 to 37% in 2022. The White population has declined from 20% in 2015 to 15% in 2022.
In conclusion, Garden Grove's LIHTC-funded affordable housing inventory comprises a small but significant portion of the city's housing stock. The city has consistently utilized the LIHTC program over the past three decades, developing projects for various populations and offering a mix of unit types. The slight decrease in population, rising median income, and shifting racial demographics may influence future affordable housing needs in Garden Grove.
