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Affordable Housing in West Fresno: Two Decades of 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
The West neighborhood of Fresno, California, contains 318 units of Low-Income Housing Tax Credit (LIHTC) funded affordable housing, with 59 units designated as low-income. Based on the 2022 population of 61,183 and using the national average household size, the estimated housing inventory is approximately 23,442 units. LIHTC funded affordable housing comprises about 1.36% of the estimated housing inventory in the West neighborhood.
LIHTC projects in this neighborhood have received $1,361,402 in tax credits, averaging $4,281 in federal funding per unit. The affordable housing presence spans over two decades, with the first project completed in 1991 and the most recent in 2014. The 1990s saw the highest LIHTC activity, with four out of five known projects completed during this period.
The LIHTC funded projects in the West neighborhood offer a range of unit types, including 2 efficiencies, 24 one-bedroom units, 157 two-bedroom units, and 65 three-bedroom units. This distribution indicates a focus on accommodating small to medium-sized families.
The West neighborhood has experienced steady population growth over the past decade, increasing from 53,234 in 2013 to 61,183 in 2022. The median income has risen significantly, growing from $56,285 in 2013 to $67,833 in 2022. This upward trend in income may partially explain the absence of new LIHTC projects since 2014, as the overall economic situation of the neighborhood has improved.
The racial composition of the neighborhood has remained relatively stable. Hispanic residents consistently comprise the largest demographic group, representing approximately 50-53% of the population. There has been a slight increase in the Asian population from 17% in 2013 to 18% in 2022, and a small decrease in the white population from 21% in 2013 to 17% in 2022.
The West neighborhood of Fresno has a modest LIHTC funded affordable housing inventory, covering about 1.36% of the estimated housing units. The area experienced significant LIHTC activity in the 1990s, with the most recent project completed in 2014. The neighborhood has seen population growth and rising median incomes over the past decade, potentially influencing the recent lack of new LIHTC developments. The existing LIHTC projects offer a range of unit sizes, primarily catering to small and medium-sized households. While the LIHTC program has contributed to the affordable housing stock in this neighborhood, other housing programs may also be present to address affordable housing needs.
