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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Northwest Anaheim, a neighborhood in Anaheim, California, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area has 974 total units in LIHTC funded projects, with 885 of these designated as low-income units. Based on the 2022 population of 34,448 and an estimated 13,198 housing units, the LIHTC funded affordable housing covers approximately 7.4% of the neighborhood's estimated housing inventory.
The LIHTC program has invested significantly in Northwest Anaheim, with project tax credits totaling $5,629,094. This translates to an average federal funding of approximately $5,779 per unit in LIHTC funded projects. The neighborhood has seen a steady development of affordable housing over time, with the first LIHTC projects, Park Vista Apartments and Sea Wind Apartments, completed in 2001. The most recent project, Anton Monaco Apartments, was completed in 2014, indicating over a decade of affordable housing presence in the area.
The 2010s saw the most affordable housing development, with four projects completed during this decade: Greenleaf Apartments (2010), Paseo Village Family Apartments (2013), and Anton Monaco Apartments (2014). The LIHTC funded housing in Northwest Anaheim offers a diverse range of unit types, with 225 one-bedroom, 596 two-bedroom, 152 three-bedroom, and 1 four-bedroom units, catering to various household sizes and needs.
Over the past decade, Northwest Anaheim's population has remained relatively stable, with some fluctuations. The median income has shown an overall upward trend, increasing from $57,163 in 2013 to $65,644 in 2022. This rise in median income might partially explain why no new LIHTC projects have been developed since 2014, as the neighborhood's overall economic situation may have improved.
The racial composition of the neighborhood has remained fairly consistent, with a slight decrease in the Hispanic population (from 71% in 2016 to 69% in 2022) and a small increase in the Asian population (from 10% in 2013 to 14% in 2022). The White population has decreased slightly from 17% in 2013 to 13% in 2022. These demographic shifts, while not dramatic, may influence future affordable housing needs and development in the area.
Northwest Anaheim has a substantial LIHTC funded affordable housing inventory, covering about 7.4% of the estimated housing units. The neighborhood has benefited from over a decade of LIHTC investment, with projects completed between 2001 and 2014. The housing stock offers a range of unit sizes, predominantly two-bedroom apartments, suggesting a focus on small to medium-sized households. While the neighborhood has seen some economic improvement over the past decade, as evidenced by rising median incomes, the consistent population and diverse racial composition indicate an ongoing need for affordable housing options. The analysis highlights the important role LIHTC has played in providing affordable housing in Northwest Anaheim, contributing to the neighborhood's housing diversity and accessibility.