Loading Content...
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Pittsburg, California, a city in Contra Costa County, has a significant inventory of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The city's LIHTC program has contributed 1,333 total units, with 1,125 of these designated as low-income units. Based on the estimated housing inventory of 29,726 units, the LIHTC-funded affordable housing covers approximately 4.5% of the city's housing stock.
Pittsburg has received $12,174,127 in project tax credits for affordable housing through the LIHTC program. With 13 approximate projects, this translates to an average of $936,471 in federal funding per project. The average federal funding per unit is $9,133, considering the total of 1,333 units in LIHTC-funded projects. Notably, Pittsburg holds 0.4% of the total state LIHTC funding.
The city's affordable housing journey spans over three decades, with the first LIHTC project, Woods Grove, completed in 1988, and the most recent, Stoneman Apartments, finished in 2019. The 2000s saw the most activity in affordable housing development, with projects like Marina Heights (2005), Belmont Apartments (2006), and Gateways Apartments (2007) being completed.
The LIHTC-funded projects in Pittsburg offer a diverse range of housing options. The inventory includes 6 efficiencies, 321 one-bedroom units, 442 two-bedroom units, 181 three-bedroom units, and 19 four-bedroom units, catering to various household sizes and needs.
Over the past decade, Pittsburg has experienced steady population growth, increasing from 63,510 in 2010 to 77,585 in 2022. This growth of about 22% indicates a rising demand for housing, including affordable options.
The median income in Pittsburg has also shown an upward trend, rising from $61,182 in 2013 to $88,842 in 2022. Despite this increase, the need for affordable housing persists, as income growth may not have kept pace with rising housing costs in the region.
Regarding racial demographics, Pittsburg has maintained a diverse population. The Hispanic population has remained the largest group, increasing slightly from 43% in 2013 to 47% in 2020, before decreasing to 40% in 2022. The Asian population has grown from 16% in 2013 to 19% in 2021, while the Black population has fluctuated, most recently at 21% in 2022. These demographic shifts may influence the ongoing need for diverse, affordable housing options.
Pittsburg's LIHTC-funded affordable housing inventory plays a crucial role in addressing the city's housing needs. With 1,333 total units and 1,125 low-income units, the program contributes significantly to the city's affordable housing stock. The city has consistently developed affordable housing projects over the past three decades, with the most activity occurring in the 2000s. The diverse unit types cater to various household sizes, reflecting the city's commitment to meeting different housing needs. As Pittsburg continues to grow and diversify, the ongoing development of affordable housing remains an important factor in maintaining a balanced and inclusive community.