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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Hayward, California, an Alameda County city, has a diverse community and industrial history. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 1,526 total units, with 1,241 designated as low-income units. This represents approximately 2.54% of the city's estimated 60,066 housing units.
Hayward has received $11,751,334 in project tax credits through the LIHTC program. With approximately 24 projects, this averages $489,639 per project and $7,700 per unit in federal funding. Hayward holds 0.38% of the total state LIHTC funding allocation.
The city's LIHTC-funded affordable housing initiative began in 1987 with projects like Cypress Glen and Mayten Manor Senior Apartments. The most recent recorded project, Hayward Four - Scattered-Site development, was completed in 2017. This 30-year span demonstrates Hayward's long-term commitment to affordable housing.
The 2000s witnessed the most significant affordable housing development activity in Hayward. Notable projects from this period include Harris Court (2000), Josephine Lum Lodge (2006), and Hayward Senior Housing (2008).
Hayward's LIHTC-funded housing stock offers diverse unit types, including 34 efficiencies, 452 one-bedroom units, 481 two-bedroom units, 213 three-bedroom units, and 11 four-bedroom units. This distribution accommodates various household sizes and needs. The EC Magnolia project, completed in 2013, specifically targets individuals with mental illness, addressing a unique population need.
Hayward's population has grown modestly from 151,582 in 2013 to 156,773 in 2022. The median income has increased significantly from $59,269 in 2013 to $101,199 in 2022, potentially influencing affordable housing demand.
Regarding racial demographics, the Asian population has increased from 25% to 29% between 2013 and 2022. The Hispanic population has remained stable at around 40%. The Black population has slightly decreased from 10% to 9%, while the White population has decreased more significantly from 19% to 12%. These demographic shifts may reflect changing housing needs and preferences.
Hayward's LIHTC-funded affordable housing inventory represents a small but significant portion of the city's housing stock. The city has consistently developed affordable housing projects over three decades, with a focus in the 2000s. The diverse unit types cater to various household sizes, with at least one project addressing specific population needs. While the population has grown modestly, the substantial increase in median income over the past decade may have implications for future affordable housing demand and development.