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Affordable Housing in Upper Land Park: Demographic Shifts and 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
Upper Land Park, a neighborhood in Sacramento, California, has experienced significant demographic changes and affordable housing development. The area contains one Low-Income Housing Tax Credit (LIHTC) funded project, providing 52 affordable housing units, with 51 designated as low-income. This LIHTC project constitutes approximately 2.58% of the estimated 2,014 housing units in the neighborhood, based on the 2022 population and national average household size.
The LIHTC program has invested $845,124 in tax credits for affordable housing in Upper Land Park, averaging $16,252 per unit in federal funding. Land Park Woods, the sole LIHTC project in the neighborhood, was completed in 2016. This development offers a mix of unit types, including 6 one-bedroom, 24 two-bedroom, and 22 three-bedroom units, accommodating families of various sizes.
Upper Land Park's population has grown from 3,938 in 2013 to 5,256 in 2022, a 33.5% increase. Concurrently, the median income rose from $42,345 in 2013 to $55,449 in 2022, a 30.9% increase. The racial composition has also shifted, with the white population decreasing from 41% to 36%, the Hispanic population increasing from 20% to 31%, the Asian population fluctuating between 11% and 16%, and the Black population decreasing from 19% to 3% between 2013 and 2022.
The completion of Land Park Woods in 2016 coincides with a period of increasing population diversity and rising median income in the neighborhood. This timing suggests that the LIHTC project may have been developed in response to the growing need for affordable housing options in an area experiencing demographic changes and potential economic pressures.
Upper Land Park's affordable housing landscape is characterized by a single LIHTC-funded project, Land Park Woods, which provides 52 units of affordable housing. This project contributes to the neighborhood's housing diversity but represents a small portion of the estimated housing inventory. The neighborhood has undergone significant demographic changes over the past decade, including population growth, increasing median income, and shifts in racial composition. These changes may have influenced the development of affordable housing in the area, though the current LIHTC inventory alone may not fully address the potential need for affordable housing options in this evolving neighborhood.
