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Affordable Housing in Louisville's California Neighborhood: A Three-Decade LIHTC Presence
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The California neighborhood in Louisville, Kentucky, has a small but established presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area contains 4 LIHTC-funded affordable housing units, all designated as low-income units. Based on the 2022 population of 3,903 and using the national average household size, the neighborhood is estimated to have approximately 1,495 housing units. The LIHTC-funded affordable housing represents about 0.27% of the estimated housing inventory.
The California neighborhood has had LIHTC-funded affordable housing since at least 1993, when the project at 2108 Hale Ave was completed. This indicates nearly three decades of affordable housing presence in the area. The consistent presence of LIHTC projects suggests an ongoing commitment to providing affordable housing options in this community.
Over the past decade, the California neighborhood has experienced demographic shifts. The population has decreased from 4,925 in 2013 to 3,903 in 2022, a decline of about 20.8%. Despite this population decrease, the median income has shown an upward trend, rising from $16,199 in 2013 to $24,774 in 2022, an increase of approximately 52.9%.
The racial composition of the neighborhood has remained relatively stable, with a predominant Black population. In 2013, the Black population was 90% of the total, and in 2022 it was 89%. The White population has seen a slight increase from 4% in 2013 to 10% in 2022. These demographic trends, particularly the rising median income and stable racial composition, may influence the perceived need for additional LIHTC-funded affordable housing in the neighborhood. The population decline could potentially reduce overall housing demand, while the income increase might affect eligibility for affordable housing programs.
The California neighborhood in Louisville has a small but established presence of LIHTC-funded affordable housing, with projects dating back to at least 1993. While the 4 LIHTC units represent a small fraction of the estimated housing inventory, they contribute to the area's affordable housing options. The neighborhood has experienced a population decline and median income increase over the past decade, along with a relatively stable racial composition. These demographic shifts may influence future affordable housing needs and development in the area. Further analysis of other affordable housing programs and local housing policies would provide a more comprehensive understanding of the neighborhood's overall affordable housing landscape.
