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Red Bluff's LIHTC-Funded Affordable Housing: Two Decades of Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Red Bluff, a California city, possesses a notable Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city contains 417 total units in LIHTC-funded projects, with 356 designated as low-income units. Based on the 2022 population of 26,060 and an estimated 9,985 housing units, LIHTC-funded affordable housing comprises approximately 4.18% of the city's estimated housing inventory.
Red Bluff has received $4,382,765 in project tax credits through the LIHTC program. With approximately 7 projects, this averages to about $626,109 per project and $10,510 per unit. The city holds 0.14% of California's total LIHTC funding, indicating a modest share of the state's affordable housing resources.
The first LIHTC project in Red Bluff, Bayless Garden Apts, was completed in 1992, while the most recent, Jackson Manor Apartments + Lassen View Apartments, was finished in 2015. This 23-year span demonstrates a long-term commitment to affordable housing in the city. The 2000s saw the most activity, with five projects completed during this decade.
The LIHTC-funded housing in Red Bluff offers a diverse range of unit sizes. There are 108 one-bedroom units, 108 two-bedroom units, 115 three-bedroom units, and 40 four-bedroom units. This distribution suggests an effort to accommodate various household sizes and needs.
Over the past decade, Red Bluff's population has shown slight growth, increasing from 24,465 in 2017 to 26,060 in 2022. The median income has also risen, from $45,796 in 2017 to $51,230 in 2022, indicating some economic improvement.
Racial demographics have remained relatively stable, with the white population consistently representing about 74-75% of the total. The Hispanic population has fluctuated slightly between 16-19% during this period. Other racial groups have maintained small but consistent representations.
The last LIHTC project was completed in 2015, which coincides with a period of relative stability in the city's demographics. The lack of new projects in recent years may be due to this stability or other factors not apparent in the demographic data alone.
Red Bluff's LIHTC-funded affordable housing represents a small but significant portion of its housing inventory. The city has consistently invested in affordable housing over more than two decades, with a focus on diverse unit sizes to meet various needs. The demographic trends show a slowly growing population with modest income increases, which may influence future affordable housing needs and development in the city.
