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Affordable Housing in Sunbow II: LIHTC's Role in a Changing 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
Sunbow II, a neighborhood in Chula Vista, California, contains 132 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, with 131 designated as low-income units. This inventory contributes to addressing local housing needs. Based on a 2022 population of 8,643 and the national average household size of 2.61, the neighborhood is estimated to have approximately 3,311 housing units. LIHTC-funded affordable housing represents about 4% of this estimated housing inventory.
The LIHTC project in Sunbow II received $279,942 in tax credits, averaging approximately $2,121 per unit. This investment indicates a substantial commitment to affordable housing in the area. The Villa Serena Apartments, completed in 2000, is the sole LIHTC project in Sunbow II. This development has provided affordable housing options for over two decades, demonstrating a long-term presence of LIHTC-funded housing in the neighborhood.
The Villa Serena Apartments consist of 112 one-bedroom units and 2 two-bedroom units. This unit configuration suggests a focus on accommodating smaller households or individuals requiring affordable housing options.
Sunbow II has experienced significant demographic changes over the past decade. The population increased from 6,224 in 2013 to 8,643 in 2022, indicating heightened housing demand. Median income rose from $103,751 in 2013 to $139,341 in 2022, potentially affecting affordability for some residents.
Racial demographics have also shifted. The Asian population increased from 26% in 2013 to 44% in 2022, while the Hispanic population decreased from 45% to 34%. The White population remained relatively stable at around 20%. These changes may influence the diverse housing needs of the community.
Despite these demographic shifts, no new LIHTC projects have been developed in Sunbow II over the last decade. This could be attributed to various factors, including land availability, local policies, or the presence of other affordable housing programs not captured in this data.
Sunbow II's LIHTC-funded affordable housing, primarily through the Villa Serena Apartments, provides 131 low-income units. While representing a small percentage of the estimated housing inventory, these units contribute to addressing affordable housing needs in the neighborhood. The community has experienced substantial population growth, income increases, and shifts in racial demographics over the past decade. These changes may influence future affordable housing needs and strategies in Sunbow II.
