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Banning, California: LIHTC Affordable Housing Analysis Reveals Static Inventory Amid Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Banning, California, has a distinct LIHTC funded affordable housing inventory comprising 201 units, with 90 designated as low-income. This inventory represents approximately 1.51% of the city's estimated 13,287 housing units. The city has received $2,265,550 in project tax credits from the LIHTC program, averaging $755,183 per project and $11,271 per unit. Banning's share of the total state LIHTC funding is 0.07%.
The city's LIHTC funded affordable housing development occurred between 2004 and 2011. The initial projects, Peppertree Apartments and Summit Ridge Apartments, were completed in 2004, while the most recent project, Westview Terrace Apartments, was finished in 2011. This indicates a seven-year span of affordable housing development in Banning.
All three LIHTC projects were completed during the 2000s. The housing inventory includes 18 one-bedroom, 103 two-bedroom, 30 three-bedroom, and 32 four-bedroom units. Notably, the Westview Terrace Apartments, completed in 2011, targets the "At-Risk" population, indicating a focus on providing housing for individuals or families at risk of homelessness or facing housing instabilities.
Banning's population increased from 31,575 in 2013 to 34,680 in 2022, a growth of 9.8%. The median income rose from $41,707 in 2013 to $49,189 in 2022, an 18% increase. Racial demographics shifted, with the Hispanic population growing from 37% to 48% and the White population decreasing from 47% to 35% between 2013 and 2022. Asian, Black, and Native American populations remained relatively stable.
No new LIHTC projects have been completed since 2011, despite demographic changes. This could be attributed to various factors, including changes in funding priorities or perceptions of sufficient existing affordable housing stock.
Banning's LIHTC funded affordable housing inventory represents a consistent effort to provide affordable housing options. The city has utilized federal funding to create a diverse range of unit types, with a focus on two-bedroom units. The most recent project, targeting at-risk populations, demonstrates awareness of specific community needs. While demographic shifts have occurred over the past decade, including population growth and changes in racial composition, these have not corresponded with new LIHTC developments since 2011. This analysis provides an overview of Banning's affordable housing landscape, highlighting achievements and potential areas for future consideration in affordable housing development.
