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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Vista, a neighborhood in Boise City, Idaho, had a population of 10,155 in 2022. The area contains one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, Oak Park Village, which provides 154 low-income units. This project represents approximately 3.96% of the neighborhood's estimated 3,891 housing units.
The LIHTC program has invested $660,541 in tax credits for affordable housing in Vista, averaging $4,289 per unit in Oak Park Village. Completed in 1996, this project has been part of the community for over 25 years. Oak Park Village consists of 154 low-income units, including 6 one-bedroom, 8 two-bedroom, and 6 three-bedroom apartments, catering to various household sizes.
Vista's population has remained relatively stable over the past decade, ranging from 9,448 to 10,914 residents. The median income has increased significantly, rising from $40,516 in 2013 to $53,823 in 2022, indicating improved economic conditions in the neighborhood.
Racial demographics in Vista have evolved. The white population decreased from 81% in 2013 to 76% in 2022. The Hispanic population grew from 9% to 11%, and the Black population increased from 1% to 4% during the same period, suggesting a gradual trend towards greater diversity.
Despite these demographic changes, no new LIHTC projects have been developed in Vista since 1996. This lack of new developments could be attributed to various factors, including the rising median income, which might have reduced the perceived need for additional affordable housing in the area.
Vista's affordable housing landscape is characterized by a single LIHTC project, Oak Park Village, which has served the community for over two decades. While this project provides 154 low-income units, it represents a relatively small portion of the neighborhood's estimated housing stock. The demographic trends over the past decade show a growing population, increasing median income, and gradual diversification of the racial composition. These changes, particularly the rising median income, may have influenced the lack of new LIHTC developments in recent years. Other affordable housing programs not captured in this data may also be contributing to meeting the neighborhood's housing needs.