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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Tujunga, a neighborhood in Los Angeles, California, has a population of 27,731 as of 2022. The Low-Income Housing Tax Credit (LIHTC) program has funded one affordable housing project in this area, providing a total of 46 units, with 45 of those designated as low-income units. Based on the estimated housing inventory of 10,625 units, the LIHTC-funded affordable housing covers approximately 0.43% of the neighborhood's housing stock.
The LIHTC program has invested $797,550 in tax credits for affordable housing in Tujunga. This translates to an average federal funding of $17,338 per unit. The only LIHTC-funded project in the neighborhood is the Day Street Apartments, completed in 2014. This project represents the beginning of LIHTC-funded affordable housing in Tujunga, marking just over eight years of presence in the community.
The Day Street Apartments project consists of 41 efficiency units, 4 one-bedroom units, and 1 two-bedroom unit. This distribution suggests a focus on accommodating single individuals or small households. The project targets individuals with mental illness, indicating a specialized approach to addressing the housing needs of a vulnerable population.
Over the past decade, Tujunga's population has remained relatively stable, with a slight increase from 27,152 in 2019 to 27,731 in 2022. The median income has shown some fluctuation, rising from $68,199 in 2019 to $77,016 in 2021, before decreasing to $67,741 in 2022. This volatility in median income could indicate changing economic conditions that may affect the need for affordable housing.
Racial demographics have remained fairly consistent, with a slight decrease in the white population from 62% in 2019 to 58% in 2022, and a small increase in the Hispanic population from 26% to 27% over the same period. The Asian population has seen a modest increase from 8% to 9%. These subtle shifts in racial composition may influence the diverse housing needs of the community.
Tujunga's LIHTC-funded affordable housing inventory, while limited to one project, provides crucial support for individuals with mental illness. The Day Street Apartments, completed in 2014, offers 46 units, primarily consisting of efficiency apartments. This project represents a targeted approach to addressing specific housing needs within the community. The neighborhood's demographic trends, including a relatively stable population and fluctuating median income, suggest an ongoing need for affordable housing options. As Tujunga continues to evolve, monitoring these trends will be essential in assessing and meeting the community's future affordable housing requirements.