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Affordable Housing in North City: LIHTC's Impact on a Changing Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
North City, a neighborhood in San Diego, California, contains 108 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, with 107 designated as low-income. Based on the 2022 population of 15,502 and the national average household size of 2.61, the estimated housing units in the neighborhood are 5,939. LIHTC funded affordable housing represents approximately 1.82% of the estimated housing inventory in North City.
The LIHTC program has invested $819,172 in tax credits for affordable housing projects in North City, averaging about $7,585 per unit in federal funding. The neighborhood's sole LIHTC project, Crossings (San Diego), was completed in 2006, indicating at least 16 years of affordable housing presence in the area.
The Crossings project offers a mix of unit types: 18 one-bedroom, 54 two-bedroom, and 36 three-bedroom units. This distribution suggests a focus on accommodating families and larger households within the affordable housing inventory.
North City has experienced demographic shifts over the past decade. The population fluctuated, peaking at 16,946 in 2017 before decreasing to 15,502 in 2022. Median income has increased from $139,461 in 2013 to $172,803 in 2022, indicating overall economic growth in the neighborhood.
Racial demographics have changed significantly. The white population decreased from 76% in 2013 to 56% in 2022, while the Asian population increased from 9% to 23% during the same period. The Hispanic population remained relatively stable, fluctuating between 11% and 16% over the decade.
Despite these demographic changes, no additional LIHTC development has occurred in the past decade. This lack of development may be attributed to the high median income of the area, potentially reducing the perceived need for additional affordable housing projects.
North City's affordable housing is characterized by a single LIHTC project, Crossings, which provides a significant number of low-income units. This project represents a small percentage of the estimated total housing inventory. The area has experienced demographic shifts, including population fluctuations, increasing median income, and changes in racial composition over the past decade. These factors, particularly the high median income, may have influenced the lack of additional LIHTC developments in recent years. The existing LIHTC project continues to provide affordable housing options in this evolving neighborhood.
