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Affordable Housing in South Pointe: A Two-Decade LIHTC Project 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
South Pointe, a neighborhood in San Bernardino, California, contains 127 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. These units, all designated as low-income, constitute approximately 3.2% of the estimated 3,959 housing units in the neighborhood, based on the 2022 population of 10,334 and the national average household size of 2.61. This percentage falls below the 15-20% affordable housing stock typically recommended for a balanced community.
The LIHTC program has invested $170,106 in tax credits for affordable housing in South Pointe, averaging $1,339 per unit. All LIHTC-funded affordable housing in the neighborhood is concentrated in a single project, The Waterman Apts, completed in 2000. This project has provided affordable housing options for over two decades.
The Waterman Apts offers a mix of unit types, including 24 one-bedroom units, 68 two-bedroom units, and 35 three-bedroom units. This distribution indicates a focus on accommodating small to medium-sized families, with two-bedroom units being the most prevalent.
South Pointe has experienced demographic changes over the past decade. The population increased from 9,286 in 2013 to 10,334 in 2022. Median income fluctuated, reaching a low of $65,406 in 2017 before rising to $80,742 in 2022. This recent income increase may suggest a reduced short-term need for additional affordable housing.
Racial demographics in South Pointe have also shifted. The Hispanic population grew from 34% in 2013 to 45% in 2022, becoming the largest ethnic group. The Asian population remained relatively stable, while the Black population decreased from 10% to 6%. The White population slightly decreased from 29% to 25%.
No new LIHTC projects have been developed in South Pointe since 2000, despite demographic changes. This could be attributed to factors such as land availability, changes in local housing policies, or shifts in funding priorities.
South Pointe's affordable housing is characterized by a single LIHTC-funded project that has served the community for over 20 years. While The Waterman Apts provides 127 low-income units, it represents a small portion of the neighborhood's estimated housing stock. The area has experienced population growth, income fluctuations, and shifts in racial demographics over the past decade. These changes may influence future affordable housing needs and development. Continued monitoring of demographic trends and housing affordability will be essential in maintaining a balanced and inclusive housing market in South Pointe.
