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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Village 9, a neighborhood in Sacramento, California, exhibits a distinct affordable housing profile. The area contains one Low-Income Housing Tax Credit (LIHTC) funded project, providing 144 affordable units, all categorized as low-income. Based on the 2022 population of 5,705 and an estimated 2,186 housing units, LIHTC-funded affordable housing comprises approximately 6.6% of the neighborhood's estimated housing inventory.
The LIHTC program has allocated $552,688 in tax credits for affordable housing in Village 9, averaging $3,838 per unit in federal funding. Northpointe Park Apartments, the sole LIHTC project in the neighborhood, was completed in 2006, representing over 15 years of affordable housing presence. The complex offers a range of unit sizes, including 6 two-bedroom units, 72 three-bedroom units, and 12 four-bedroom units, suggesting a focus on accommodating families and larger households.
Village 9 has experienced population growth over the past decade, increasing from 4,850 in 2017 to 5,705 in 2022, indicating rising housing demand. Median income has also increased significantly, from $88,547 in 2017 to $98,432 in 2022, potentially affecting affordable housing needs. Racial demographics have shifted, with the white population decreasing from 50% in 2017 to 39% in 2022, and the Hispanic population increasing from 11% to 16%. The Asian population remained relatively stable, while the Black population showed a slight increase.
Despite demographic changes, no new LIHTC projects have been developed in Village 9 over the last decade. This lack of development could be attributed to various factors, including the rising median income or potential land availability constraints.
Village 9's affordable housing landscape is characterized by a single LIHTC project that has served the community for over 15 years. While it provides a significant number of low-income units, it covers only a small percentage of the neighborhood's estimated housing inventory. The area has experienced population growth and increasing median income over the past decade, along with shifts in racial demographics. These changes may influence future affordable housing needs and development strategies in Village 9.