Paradise, California, possesses 36 total units of Low-Income Housing Tax Credit (LIHTC) funded affordable housing, with 35 designated as low-income units. This comprises approximately 1.38% of the city's estimated 2,613 housing units. The city has received $292,303 in project tax credits from the LIHTC program for affordable housing. This funding equates to an average of $292,303 per project and $8,119 per unit, representing 0.01% of the total state LIHTC funding.

The Paradise Community Village, completed in 2013, is the only LIHTC-funded project in the city. This development has provided affordable housing options for nearly a decade. The project offers a range of unit types, including 12 one-bedroom, 12 two-bedroom, and 12 three-bedroom units, accommodating various household sizes and needs within the affordable housing community.

Paradise has experienced significant demographic changes over the past decade. The population decreased from 25,685 in 2018 to 6,821 in 2022, likely due to the 2018 Camp Fire. Despite this population decline, the median income has increased from $53,727 in 2018 to $54,800 in 2022. The racial composition has remained relatively stable, with a slight decrease in the white population from 85% in 2018 to 82% in 2022. The Hispanic population grew from 7% to 9%, and those identifying as two or more races increased from 5% to 7% during the same period.