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Affordable Housing in Selma, California: LIHTC Funded Inventory Analysis
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Selma, a city in California, has a diverse affordable housing inventory supported by the Low-Income Housing Tax Credit (LIHTC) program. The city's LIHTC-funded affordable housing consists of 511 total units, with 433 designated as low-income units. Based on the 2022 population of 26,234 and an estimated 10,051 housing units, the LIHTC-funded affordable housing covers approximately 5.1% of the city's estimated housing inventory.
Selma has received $2,660,081 in project tax credits through the LIHTC program. With approximately 8 projects, this translates to an average of $332,510 in federal funding per project, or $5,205 per unit. Selma holds 0.09% of California's total LIHTC funding, indicating a significant contribution to the state's affordable housing efforts.
The city's affordable housing development spans several decades, with the earliest LIHTC project, Sunshine Financial Group, completed in 1992, and the most recent, Valley View Homes, in 2016. This 24-year period demonstrates a sustained commitment to affordable housing development. The 2010s saw the most activity, with three projects completed: Cordova Apts (2011), Valley View Village (2012), and Valley View Homes (2016).
The LIHTC-funded housing stock in Selma offers a variety of unit sizes to accommodate different household needs. The inventory includes 32 one-bedroom units, 210 two-bedroom units, 151 three-bedroom units, and 38 four-bedroom units, providing options for various family sizes.
Over the past decade, Selma's population has grown steadily, increasing from 24,597 in 2010 to 26,234 in 2022. The median income has risen from $45,078 in 2013 to $49,137 in 2022, indicating improving economic conditions. The Hispanic population has increased from 79% in 2013 to 84% in 2022, while the white population decreased from 13% to 10% during the same period.
The construction of LIHTC projects like Cordova Apts, Valley View Village, and Valley View Homes in the early to mid-2010s aligns with the city's population growth and changing demographics. These projects likely responded to the increasing need for affordable housing as the city expanded and diversified.
Selma's LIHTC-funded affordable housing inventory plays a crucial role in addressing the city's housing needs. With 511 total units, including 433 low-income units, the program contributes significantly to the city's housing stock. The consistent development of affordable housing projects over more than two decades, particularly in the 2010s, demonstrates an ongoing commitment to addressing affordable housing needs. The diverse range of unit sizes caters to various household compositions within the growing and predominantly Hispanic population. As Selma continues to evolve demographically and economically, the LIHTC program remains an essential tool in maintaining and expanding affordable housing options for its residents.
