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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Sunrise Vista Chino, a neighborhood in Palm Springs, California, features a significant presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood contains 93 LIHTC-funded units, with 79 designated as low-income units. Based on the 2022 population of 1,027 and an estimated housing inventory of 393 units, LIHTC-funded affordable housing comprises approximately 23.7% of the neighborhood's estimated housing stock.
The LIHTC program has provided $346,748 in tax credits for affordable housing in Sunrise Vista Chino, averaging about $3,728 per unit in federal funding. The neighborhood's LIHTC-funded affordable housing is concentrated in a single project, Vista Sunrise Apartments, completed in 2006. This project has been offering affordable housing options in the neighborhood for over 15 years.
Vista Sunrise Apartments offers a mix of unit types, including 61 efficiencies and 32 one-bedroom units. This composition indicates a focus on housing for individuals or small households. The project targets a special needs population, suggesting it may provide additional support services or accommodations for residents with specific requirements.
Over the past decade, Sunrise Vista Chino has experienced slight fluctuations in its population, increasing from 989 in 2013 to 1,027 in 2022. The median income has shown significant growth, rising from $55,318 in 2013 to $66,569 in 2022, with a peak of $79,888 in 2021. This trend indicates an improving economic situation for residents, which could impact the demand for affordable housing.
The racial composition of the neighborhood has remained relatively stable, with a predominantly white population (78% in 2022). There has been a slight increase in the Hispanic population, from 13% in 2013 to 15% in 2022. The Asian population has remained steady at around 3%, while other racial groups represent smaller percentages.
Despite the absence of new LIHTC projects in the last decade, the existing affordable housing continues to play a crucial role in the neighborhood. The stable demographic composition and increasing median income suggest that the current affordable housing stock may be meeting the needs of low-income residents, although ongoing assessment of housing affordability remains important.
Sunrise Vista Chino's affordable housing landscape is characterized by a single LIHTC-funded project, Vista Sunrise Apartments, which provides a significant portion of the neighborhood's estimated housing stock. The project's focus on efficiency and one-bedroom units, along with its target population of special needs residents, addresses specific housing needs within the community. While there have been no new LIHTC projects in recent years, the neighborhood has experienced income growth and relative demographic stability. These factors, combined with the existing affordable housing, contribute to the overall housing ecosystem of Sunrise Vista Chino, though continued monitoring of affordable housing needs remains essential for long-term community well-being.