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East Niles: LIHTC Program's Impact on Affordable Housing Amidst Demographic Shifts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
East Niles, California, has a population of 34,172 as of 2022. The city contains 321 units in Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects, with 316 designated as low-income units. These LIHTC-funded units represent approximately 2.45% of the city's estimated 13,093 housing units.
East Niles has received $1,360,238 in project tax credits through the LIHTC program. With 4 projects, this amounts to an average federal funding of $340,060 per project. The average federal funding per unit is $4,237. The city holds 0.04% of California's total LIHTC funding, indicating a small portion of the state's affordable housing investments.
The first LIHTC project in East Niles, Foothill Vista Apts, was completed in 1995. The most recent projects, Eucalyptus Village I and II, were completed in 2012, representing a 17-year span of affordable housing development. The 2010s saw the most activity, with three projects completed: Pioneer Village Estates in 2011 and both Eucalyptus Village projects in 2012.
The LIHTC-funded housing in East Niles includes 26 one-bedroom units, 131 two-bedroom units, 117 three-bedroom units, and 2 four-bedroom units, accommodating families of various sizes.
East Niles's population has grown from 30,557 in 2015 to 34,172 in 2022. The median income fluctuated, rising from $47,695 in 2015 to $54,008 in 2021, before decreasing to $47,839 in 2022. The racial composition has changed significantly, with the Hispanic population increasing from 73% in 2015 to 81% in 2022, while the white population decreased from 21% to 14%. The black population increased slightly from 1% to 3%.
East Niles's LIHTC-funded affordable housing inventory covers about 2.45% of the estimated housing stock. Affordable housing projects were developed consistently from 1995 to 2012, with peak activity in the early 2010s. The diverse housing units cater to different family sizes. The city's growing population, changing demographics, fluctuating median income, and increasing proportion of Hispanic residents suggest a continued need for affordable housing options in East Niles.
