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La Habra's Affordable Housing: LIHTC Program Impact in a Diverse Californian City
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
La Habra, a city in California, has one Low-Income Housing Tax Credit (LIHTC) funded project that provides 72 affordable housing units, with 71 designated as low-income units. This project represents approximately 0.29% of the city's estimated 24,637 housing units. The city has received $189,758 in project tax credits through the LIHTC program, averaging $189,758 per project and $2,635 per unit. La Habra's share of the total state LIHTC funding is 0.01%, indicating a small portion of California's affordable housing investment.
The single LIHTC-funded project in La Habra, Cypress Villa Apartments, was completed in 2000. This development has been offering affordable housing options for over two decades. It consists of 2 one-bedroom units and 52 two-bedroom units, primarily serving small families or couples.
La Habra's population has shown minimal growth, increasing from 62,953 in 2010 to 64,303 in 2022. The median income has risen significantly from $77,134 in 2013 to $89,966 in 2022. This increase in median income may indicate a growing need for affordable housing options for lower-income residents facing rising living costs.
The racial composition of La Habra has evolved over the past decade. The Hispanic population remains the largest demographic group, consistently representing 58-60% of the population. The Asian population has increased from 7% in 2013 to 12% in 2022, while the white population has decreased from 31% to 26% during the same period. These demographic shifts may indicate changing housing needs within the community.
La Habra's LIHTC-funded affordable housing, though limited in scope, provides an important resource for low-income residents. The Cypress Villa Apartments project has served the community for over 20 years. Despite the city's small share of state LIHTC funding, the project contributes to addressing affordable housing needs in the area. The rising median income and changing demographic composition of La Habra suggest an ongoing need for diverse and affordable housing options to support the city's evolving population.
