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Affordable Housing in Perris Hills: A Single Project's Impact on a Diverse 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
Perris Hills, a neighborhood in San Bernardino, California, contains a significant amount of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood has 100 units in LIHTC-funded projects, with 99 designated as low-income units. Based on the 2022 population of 4,584 and using the national average household size, the estimated housing inventory for the neighborhood is approximately 1,756 units. The LIHTC-funded affordable housing comprises about 5.7% of the estimated housing inventory in Perris Hills.
The LIHTC program has invested $554,392 in tax credits for affordable housing projects in Perris Hills. This equates to an average federal funding of $5,544 per unit. The neighborhood's LIHTC-funded affordable housing is concentrated in a single project, the Beautiful Light Inn, which was completed in 2018. This project represents the entirety of LIHTC-funded affordable housing in the neighborhood, providing 99 one-bedroom units and one two-bedroom unit.
Over the past decade, Perris Hills has experienced demographic changes. The population decreased from 6,254 in 2015 to 4,584 in 2022, a decline of about 26.7%. During this period, the median income fluctuated, reaching a high of $42,921 in 2015 and dropping to $36,359 in 2022. This decrease in income levels may have contributed to the need for affordable housing, culminating in the Beautiful Light Inn project in 2018.
The racial composition of the neighborhood has remained relatively stable, with the Hispanic population consistently representing the majority. In 2022, the Hispanic population accounted for 69% of residents, followed by Black residents at 15%, and White residents at 14%. The introduction of LIHTC-funded housing in 2018 aligns with a period of demographic stability, potentially addressing the needs of the existing population mix.
Perris Hills' affordable housing landscape is characterized by a single, significant LIHTC-funded project completed in 2018. This project, the Beautiful Light Inn, provides 99 low-income units, primarily consisting of one-bedroom apartments. While the LIHTC-funded housing covers 5.7% of the estimated housing inventory, it represents a substantial investment in addressing affordable housing needs in the neighborhood. The project's timing coincides with a period of population decline and fluctuating median incomes, suggesting a response to changing economic conditions in the area. The stable racial composition of the neighborhood indicates that the affordable housing project likely serves a diverse community, with a particular focus on the Hispanic population, which forms the majority of residents in Perris Hills.
