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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
North Hills, a neighborhood in Los Angeles, California, has a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood's LIHTC inventory consists of 619 total units, with 563 specifically designated as low-income units. Based on the 2022 population of 57,110 and an estimated 21,881 housing units, the LIHTC funded affordable housing covers approximately 2.83% of the neighborhood's estimated housing inventory.
The LIHTC projects in North Hills have received $8,137,021 in project tax credits, averaging about $13,146 in federal funding per unit. Affordable housing has been a part of the neighborhood for over two decades, with the earliest projects, Casa Seville/Memory Park and Decro Nordhoff Apts, completed in 1997, and the most recent projects, ND Sepulveda I and II, finished in 2013.
The 2000s saw the most affordable housing development, with seven projects completed during this decade. Notable projects include Mission City Lights (2002), Plummer Village Apts (2005), and The Crossings At North Hills (2011).
The LIHTC inventory in North Hills offers a diverse range of unit types. Out of the 619 total units, there are 200 efficiencies, 125 one-bedroom, 122 two-bedroom, 87 three-bedroom, and 47 four-bedroom units. This distribution caters to various household sizes and needs within the community.
Several projects target specific populations. Plummer Village Apts and Columbus Square Apts focus on "At-Risk" populations, while Woodland Terrace and Rayen Apts are designed for "Special Needs" residents. These targeted projects likely provide specialized services and amenities to support their intended residents.
Over the past decade, North Hills has experienced some demographic shifts. The population has remained relatively stable, with a slight decrease from 60,305 in 2019 to 57,110 in 2022. However, median income has shown significant growth, rising from $61,657 in 2015 to $74,381 in 2022, indicating improved economic conditions for some residents.
Racial distribution has remained fairly consistent, with Hispanic residents comprising the majority (63-65%) of the population. There has been a slight increase in the Black population (from 3% to 4%) and a small decrease in the Asian population (from 14% to 12%) between 2013 and 2022.
The lack of new LIHTC projects since 2013 could be attributed to the rising median income in the neighborhood, potentially reducing the perceived need for additional affordable housing units.
North Hills has an established foundation of LIHTC funded affordable housing, with 13 projects providing 619 units, covering about 2.83% of the estimated housing inventory. The neighborhood has seen a diverse range of projects over two decades, catering to various needs including at-risk and special needs populations. While there has not been new LIHTC development in recent years, the existing inventory continues to play a crucial role in providing affordable housing options in a neighborhood that has experienced rising median incomes but maintained a stable population and racial composition.