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Affordable Housing in South San Francisco: Three Decades of LIHTC Development
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 San Francisco, located in San Mateo County, California, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has 498 total units in LIHTC funded projects, with 492 designated as low-income units. This represents approximately 1.92% of the city's estimated housing inventory of 25,970 units.
South San Francisco has received $6,650,759 in project tax credits from the LIHTC program for affordable housing. With 7 projects, this averages to $950,108 per project in federal funding. The average federal funding per unit is $13,355, and the city holds 0.22% of the total state LIHTC funding.
The first LIHTC project in South San Francisco, Magnolia Plaza, was completed in 1988, while the most recent project, Rotary Miller Avenue Senior Housing, was finished in 2018. This spans a 30-year period of affordable housing development in the city. The 2010s saw the most affordable housing projects completed, including El Camino Family Housing Phase I and II (both in 2012), Rotary Plaza Apartments (2016), and Rotary Miller Avenue Senior Housing (2018).
The LIHTC funded housing inventory in South San Francisco includes a diverse range of unit types. There are 125 efficiencies, 91 one-bedroom units, 86 two-bedroom units, 32 three-bedroom units, and 4 four-bedroom units.
South San Francisco has experienced steady population growth, increasing from 65,565 in 2012 to 67,781 in 2019. The median income has risen significantly, from $81,361 in 2013 to $120,573 in 2019. This substantial increase in median income may indicate a growing need for affordable housing options to maintain economic diversity in the city.
The racial composition of South San Francisco has shifted slightly over the years. The Asian population has increased from 40% in 2013 to 45% in 2019, while the Hispanic population has decreased from 34% to 28% during the same period. The white population has remained relatively stable at around 20%. This demographic shift may influence the types of affordable housing needed in the community.
South San Francisco's LIHTC funded affordable housing inventory represents a small but significant portion of the city's estimated housing stock. The city has consistently developed affordable housing projects over three decades, with a particular focus in the 2010s. The diverse range of unit types suggests an effort to accommodate various household sizes and needs. As the city continues to grow and evolve demographically, ongoing assessment of affordable housing needs will be crucial to maintain a balanced and inclusive community.
