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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Junction West, a neighborhood in Roseville, California, contains 99 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units, all designated as low-income, represent approximately 4.12% of the neighborhood's estimated 2,401 housing units, based on the 2022 population of 6,266.
The LIHTC program has invested $229,129 in tax credits for affordable housing in Junction West, averaging $2,314 per unit. The sole LIHTC funded project, Sutter Terrace, was completed in 1998, providing over two decades of affordable housing in the area. Sutter Terrace consists of 99 units, including 8 one-bedroom and 2 two-bedroom units, suggesting a focus on smaller household sizes.
Junction West's population has fluctuated over the past decade, peaking at 7,276 residents in 2018 before declining to 6,266 by 2022. Despite these changes, the median income has generally increased, rising from $109,816 in 2013 to $134,385 in 2022, indicating a changing economic landscape in the neighborhood.
The racial composition of Junction West has evolved significantly. The white population decreased from 70% in 2013 to 58% in 2022, while the Hispanic population increased from 10% to 20% during the same period. The Asian population remained relatively stable, fluctuating between 11% and 17% over the decade. The black population, though still a small percentage, increased from less than 1% to 4% by 2022.
These demographic shifts, particularly the increase in racial diversity and median income, may influence the ongoing need for affordable housing in the neighborhood. However, no new LIHTC projects have been recorded since 1998, which could indicate that other affordable housing programs or initiatives might be addressing the evolving needs of the community.
Junction West's affordable housing landscape is characterized by a single LIHTC project, Sutter Terrace, which has been providing 99 low-income units since 1998. While this project covers about 4.12% of the estimated housing inventory, the neighborhood has experienced significant demographic changes over the past decade. The rising median income, coupled with increasing racial diversity, suggests a dynamic community that may have evolving affordable housing needs. The absence of new LIHTC projects in recent years might indicate that other housing initiatives are supplementing the existing affordable housing stock to meet the community's changing requirements.