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Affordable Housing in Kentfield: 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
Kentfield, a neighborhood in Stockton, California, has 135 total units in Low-Income Housing Tax Credit (LIHTC) funded projects, with 133 designated as low-income units. Based on the 2022 population of 6,815 and the national average household size, the estimated housing units in the neighborhood are 2,611. LIHTC-funded affordable housing represents approximately 5.2% of the estimated housing inventory.
The LIHTC program has invested $827,296 in tax credits for affordable housing projects in Kentfield, averaging about $6,128 per unit in federal funding. Two notable LIHTC-funded projects, Villa Monterey Apartments and Kentfield Apartments, were completed in 2009, indicating the presence of affordable housing in the neighborhood for at least 14 years.
The LIHTC-funded housing in Kentfield offers a range of unit types, including 4 efficiencies, 23 one-bedroom units, 77 two-bedroom units, and 13 three-bedroom units. This distribution accommodates various household sizes, with an emphasis on two-bedroom units.
Kentfield's population has remained relatively stable over the past decade, fluctuating between 6,300 and 6,800 residents. The median income has increased from $27,283 in 2013 to $41,780 in 2022, potentially impacting the demand for affordable housing in the area.
The racial composition of Kentfield has changed notably. The Hispanic population has decreased from 53% in 2013 to 38% in 2022, while the Black population has increased from 13% to 25% during the same period. The Asian population has remained relatively stable, and the White population has seen a slight increase in recent years. These demographic shifts may influence the ongoing need for diverse affordable housing options in the neighborhood.
Kentfield's LIHTC-funded affordable housing inventory provides a significant contribution to the neighborhood's housing landscape. The two projects completed in 2009 offer a range of unit types to accommodate different household sizes. The neighborhood has experienced demographic changes over the past decade, including rising median incomes and shifts in racial composition. These factors, combined with the stable population, suggest an evolving landscape that may continue to shape the demand for affordable housing in Kentfield.
