Loading Content...
LIHTC-Funded Affordable Housing in Fresno's Mclane Neighborhood: A Decade of Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The Mclane neighborhood in Fresno, California, has 403 units in Low-Income Housing Tax Credit (LIHTC) funded affordable housing projects, with 399 designated as low-income units. Based on the 2022 population of 77,282 and the national average household size of 2.61, the neighborhood has an estimated 29,610 housing units. The 399 low-income units represent approximately 1.35% of the estimated housing inventory.
The LIHTC program has invested $4,939,031 in tax credits in Mclane, averaging about $12,256 per unit in LIHTC-funded projects. The neighborhood's LIHTC-funded affordable housing development occurred between 2011 and 2018, with the first project completed in 2011 and the most recent in 2018. This seven-year period demonstrates a consistent effort to increase affordable housing options in Mclane.
The 2010s saw all three LIHTC projects completed. The affordable housing inventory in Mclane offers a mix of unit sizes, including 75 one-bedroom units, 113 two-bedroom units, 116 three-bedroom units, and 18 four-bedroom units. This variety accommodates different household sizes and needs within the low-income population.
Mclane's population grew steadily over the past decade, increasing from 61,799 in 2010 to 77,282 in 2022, a 25% increase. This population growth coincided with the development of LIHTC-funded affordable housing projects, suggesting a response to growing housing needs.
Median income in the neighborhood rose from $43,801 in 2013 to $61,605 in 2022. Despite this increase, the continued development of affordable housing projects indicates an ongoing need for low-income housing options.
The racial composition of Mclane remained relatively stable. The Hispanic population increased slightly from 46% in 2013 to 50% in 2022, while the white population decreased from 31% to 25% over the same period. The Asian and Black populations remained relatively constant. This demographic stability suggests that the LIHTC projects were developed to serve the existing community's needs rather than in response to significant demographic shifts.
The Mclane neighborhood in Fresno has seen consistent development of LIHTC-funded affordable housing from 2011 to 2018, resulting in 399 low-income units. These units represent a small percentage of the estimated housing inventory but play a vital role in addressing affordable housing needs. The neighborhood experienced population growth and income increases over the past decade, with relatively stable racial demographics. The LIHTC program's investment and the diversity of unit types demonstrate a commitment to providing affordable housing options for various household sizes in Mclane.
