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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Vintage neighborhood in Napa, California, exhibits a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The area contains 192 units in LIHTC-funded projects, with 117 designated as low-income units. Based on the 2022 population of 3,906 and an estimated 1,497 housing units, LIHTC-funded affordable housing comprises approximately 12.8% of the neighborhood's estimated housing inventory.
The LIHTC program has made substantial investments in the Vintage neighborhood, with project tax credits totaling $891,988. This equates to an average federal funding of $4,646 per unit in LIHTC-funded projects. Affordable housing through LIHTC funding has been present in the neighborhood since 2000, with the Apartments At Silverado Creek being the inaugural project. The most recent project, The Reserve At Napa, was completed in 2002, indicating a two-decade presence of affordable housing in the area.
The early 2000s were particularly active for affordable housing development in the Vintage neighborhood. The distribution of units in LIHTC-funded projects includes 99 one-bedroom units, 39 two-bedroom units, 48 three-bedroom units, and 6 four-bedroom units. This diverse mix of unit sizes indicates an effort to accommodate various household sizes and needs within the affordable housing stock.
The Vintage neighborhood has experienced demographic shifts over the past decade. The population has fluctuated, increasing from 3,446 in 2019 to 4,000 in 2021, before decreasing to 3,906 in 2022. Median income has also seen significant changes, rising from $78,137 in 2018 to a peak of $116,317 in 2020, before decreasing to $79,776 in 2022.
Racial demographics have also shifted. The Hispanic population increased from 30% in 2019 to 37% in 2022, while the White population decreased from 65% to 54% during the same period. The Asian population remained relatively stable at approximately 3-5% throughout the decade. These demographic changes, particularly the fluctuations in median income and the increasing Hispanic population, may indicate evolving affordable housing needs in the neighborhood.
The Vintage neighborhood in Napa has a significant LIHTC-funded affordable housing presence, with 192 total units and 117 low-income units. This accounts for approximately 12.8% of the estimated housing inventory, approaching the target percentage for a well-balanced community. The LIHTC program has invested substantially in the area, with an average funding of $4,646 per unit. While the affordable housing stock was developed in the early 2000s, recent demographic shifts suggest that the affordable housing needs of the neighborhood may be evolving. Further analysis of other affordable housing programs and initiatives would be necessary to fully understand how the community's changing needs are being met.