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Affordable Housing in Mid City: LIHTC Impact on Neighborhood Demographics
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Mid City, a neighborhood in Los Angeles, California, contains 202 total units in Low-Income Housing Tax Credit (LIHTC) funded projects, with 136 designated as low-income units. Based on the 2022 population of 80,134 and an estimated 30,703 housing units, LIHTC funded affordable housing represents approximately 0.66% of the neighborhood's estimated housing inventory.
The LIHTC program has invested $2,504,925 in tax credits for affordable housing projects in Mid City. This translates to an average federal funding of about $12,400 per unit. The neighborhood has seen consistent development of affordable housing over three decades, with projects dating from 1987 to 2016. The 1990s saw the most activity, with four projects completed during this decade: Sunflower Norton Apts (1990), Korean Youth Center Apts (1993), Hope West Apts (1994), and Cochran City Lights (1998).
The LIHTC funded housing in Mid City offers a range of unit types. The inventory includes 16 efficiencies, 70 one-bedroom units, 19 two-bedroom units, and 33 three-bedroom units. This variety caters to different household sizes and needs within the low-income population.
Over the past decade, Mid City has experienced demographic shifts. The population has decreased from 87,229 in 2016 to 80,134 in 2022. Despite this population decline, the median income has risen from $58,529 in 2016 to $66,096 in 2022, indicating a potential increase in the overall economic status of the neighborhood.
Racial demographics have also shifted. The Hispanic population has decreased from 41% in 2016 to 38% in 2022. The Asian population has remained at 21%, while the Black population has decreased from 19% to 16%. The White population has increased from 17% to 21% over this period.
These demographic changes, particularly the rise in median income, may have influenced the lack of new LIHTC projects in the neighborhood since 2016. The increasing income levels could suggest a reduced need for additional affordable housing units in recent years.
Mid City's LIHTC funded affordable housing inventory represents a long-term commitment to providing affordable options in the neighborhood. The diverse unit types cater to various household sizes, and the steady development of projects from 1987 to 2016 shows a consistent effort to address affordable housing needs. However, the lack of new projects since 2016, coupled with rising median incomes and slight population decreases, may indicate a changing landscape for affordable housing needs in the area. These trends highlight the dynamic nature of urban neighborhoods and the importance of continually reassessing affordable housing strategies to meet evolving community needs.
