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Los Feliz: Affordable Housing Landscape in a Stable Los Angeles Neighborhood
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Los Feliz, a neighborhood in Los Angeles, California, contains a significant number of Low-Income Housing Tax Credit (LIHTC) funded affordable housing units. The area has 172 total units in LIHTC-funded projects, with 144 designated as low-income units. These units represent approximately 1.62% of the estimated 10,614 housing units in the neighborhood.
The LIHTC program has invested $1,563,461 in tax credits for affordable housing projects in Los Feliz, averaging $9,090 per unit in federal funding. Affordable housing development in the area has occurred steadily over time, with projects completed in 2000, 2007, and 2014. The Kenmore Apartments, completed in 2000, represent the earliest LIHTC project, while the Silverlake Apartments, finished in 2014, are the most recent addition.
The 2000s were the most active period for affordable housing development in Los Feliz. The affordable housing inventory is diverse, consisting of 26 efficiencies, 110 one-bedroom units, 29 two-bedroom units, and 7 three-bedroom units. This distribution indicates a focus on accommodating smaller households and individuals.
Los Feliz has experienced demographic changes over the past decade. The population has remained relatively stable, with a slight decrease from 27,958 in 2017 to 27,703 in 2022. The median income has increased significantly from $91,414 in 2017 to $105,386 in 2022, suggesting a trend towards higher-income residents.
Racial distribution in Los Feliz has remained relatively consistent over the past decade. The white population has maintained a majority, comprising 64-68% of the total. The Hispanic population has slightly decreased from 17% in 2015 to 15% in 2022, while the Asian population has remained stable at 11-13%. These demographic trends highlight the importance of continued focus on affordable housing to maintain diversity and inclusivity in the neighborhood.
Los Feliz demonstrates a commitment to affordable housing through its LIHTC-funded projects. While these units represent a small percentage of the estimated housing inventory, they play a crucial role in maintaining housing diversity. The neighborhood has seen consistent development of affordable housing over the years. Despite rising median incomes, the stable racial distribution underscores the importance of continued affordable housing initiatives to preserve the neighborhood's diverse character and meet the needs of its lower-income residents.
