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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Laguna Hills, a city in Orange County, California, has a population of 36,388 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 15 total units, with 5 designated as low-income units. Based on the estimated housing inventory of 13,942 units, the LIHTC-funded affordable housing covers approximately 0.11% of the city's housing stock.
Laguna Hills has received $248,831 in project tax credits from the LIHTC program. With one approximate project, this translates to an average federal funding of $248,831 per project and $16,589 per unit. The city holds 0.01% of the total state LIHTC funding.
The only LIHTC-funded project in Laguna Hills is the Rancho Niguel Apartments, completed in 2005. This project marks the beginning of LIHTC-funded affordable housing in the city, with no subsequent projects recorded.
The Rancho Niguel Apartments project consists of 15 total units, including 4 two-bedroom units, 6 three-bedroom units, and 5 four-bedroom units. This distribution suggests a focus on accommodating families or larger households.
Over the past decade, Laguna Hills has experienced demographic shifts. The population increased from 34,058 in 2013 to 36,388 in 2022, a growth of about 6.8%. The median income rose from $111,866 in 2013 to $117,130 in 2022, an increase of approximately 4.7%.
Racial demographics have also changed. The White population decreased from 63% in 2013 to 56% in 2022, while the Asian population increased from 12% to 17%. The Hispanic population remained relatively stable at around 19-20%. The percentage of residents identifying as two or more races increased from 4% to 7%.
Despite these demographic changes, no new LIHTC projects have been developed in Laguna Hills since 2005. This could be due to various factors, including the city's relatively high median income, which may reduce the perceived need for additional affordable housing units.
Laguna Hills has a limited LIHTC-funded affordable housing inventory, with only one project completed in 2005. This project, while providing 15 total units with 5 low-income units, covers a small percentage of the city's estimated housing stock. The city's demographic trends show a growing and diversifying population with increasing median income. However, these changes have not resulted in additional LIHTC-funded affordable housing developments over the past decade.