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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Village 12 in Sacramento, California, contains a significant amount of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The neighborhood has 212 units in LIHTC-funded projects, with 92 designated as low-income units. Based on the 2022 population of 3,228 and the national average household size, the estimated housing inventory is approximately 1,237 units. LIHTC-funded affordable housing comprises about 17.1% of the estimated housing inventory, aligning with targets for a balanced community.
The LIHTC program has invested $302,640 in tax credits for affordable housing projects in Village 12. This equates to an average federal funding of $1,427 per unit when divided by the total number of units in LIHTC-funded projects. The affordable housing inventory includes 17 one-bedroom units, 47 two-bedroom units, and 3 three-bedroom units, offering various options for different household sizes.
The Natomas Park Apartments, completed in 2003, represents the affordable housing development in Village 12. This project has provided affordable housing options in the neighborhood for nearly two decades, contributing to the area's housing diversity.
Village 12 has experienced demographic shifts over the past decade. The population has remained relatively stable, fluctuating between about 3,000 to 3,500 residents. Median income has shown variability, increasing from $81,750 in 2017 to $106,381 in 2021, before decreasing to $96,754 in 2022. This income trend suggests a generally affluent neighborhood, potentially affecting the ongoing need for affordable housing.
Racial demographics have also changed. The white population decreased from 40% in 2017 to 32% in 2022, while the Asian population increased from 21% to 26% during the same period. The Black population has remained relatively stable at around 19-23%, and the Hispanic population has slightly decreased from 16% to 14%. These demographic shifts may influence the demand for affordable housing and the types of units needed to serve the community's diverse population.
Village 12 in Sacramento demonstrates a commitment to affordable housing through its LIHTC-funded project. The neighborhood's affordable housing inventory, comprising about 17.1% of the estimated housing stock, aligns with recommended targets for a balanced community. The Natomas Park Apartments, completed in 2003, has been a longstanding contributor to the area's affordable housing options. While the neighborhood has experienced demographic shifts over the past decade, including fluctuations in median income and changes in racial composition, the presence of LIHTC-funded housing continues to play a crucial role in maintaining housing diversity and accessibility in Village 12.