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Affordable Housing in Golden Hill: 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
Golden Hill, a neighborhood in San Diego, California, features 30 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, all designated as low-income. These units represent approximately 0.89% of the estimated 3,356 total housing units in the neighborhood.
The LIHTC program has allocated $150,533 in tax credits for affordable housing projects in Golden Hill, averaging $5,018 in federal funding per unit. LIHTC-funded affordable housing has been present in Golden Hill since the late 1980s, with two projects completed during that decade: 26th St Apts in 1988 and Vista De Oro in 1989. Vista De Oro provides 22 low-income units, while 26th St Apts offers 8 units.
Over the past decade, Golden Hill has experienced demographic changes. The population peaked at 9,337 residents in 2015 but decreased to 8,759 by 2022. Median income increased from $51,093 in 2013 to $61,043 in 2022, with a peak of $67,369 in 2021.
Racial demographics in Golden Hill have also shifted. The Hispanic population decreased from 51% in 2013 to 41% in 2022, while the white population increased from 36% to 42% during the same period. Asian and Black populations showed slight increases but remained relatively stable.
Despite these demographic changes, no new LIHTC projects have been developed in Golden Hill over the past decade. The rising median income and changing racial composition may indicate evolving housing needs in the neighborhood, potentially affecting the demand for additional low-income housing units.
Golden Hill's LIHTC-funded affordable housing inventory, established over three decades ago, comprises a small fraction of the neighborhood's estimated housing stock. The two LIHTC projects completed in the late 1980s provide 30 low-income units. The neighborhood's recent demographic shifts, including population decrease, median income increase, and changes in racial composition, may influence future affordable housing needs and development in Golden Hill.
