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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
San Diego, California's second-largest city, has a significant inventory of affordable housing funded through the Low-Income Housing Tax Credit (LIHTC) program. This analysis examines the LIHTC-funded affordable housing in San Diego and its contribution to the city's housing needs.
San Diego's LIHTC-funded affordable housing inventory comprises 14,938 total units, with 12,988 designated as low-income units. Based on the estimated housing inventory of 529,189 units, LIHTC-funded affordable housing represents approximately 2.82% of the city's total housing stock.
San Diego has received $129,158,358 in project tax credits through the LIHTC program. With approximately 152 projects, this translates to an average of $849,726 in federal funding per project. The average federal funding per unit is $8,646, considering the total units in LIHTC-funded projects.
San Diego holds 4.2% of California's total LIHTC funding, indicating a substantial portion of the state's affordable housing resources.
The city's LIHTC-funded affordable housing spans several decades. The earliest recorded projects, such as Euclid/Logan Apartments and Park Haven Three, were completed in 1987. The most recent projects include Benson Place Apartments and San Ysidro Senior Village, completed in 2020. This 33-year span demonstrates a long-term commitment to affordable housing in San Diego.
The 2000s and 2010s saw significant affordable housing development. Notable projects from this period include Celadon at 9th and Broadway (2015), Alpha Square (2015), and Encanto Village (2019), which specifically targets homeless and formerly homeless veterans.
San Diego's LIHTC-funded affordable housing inventory is diverse, with a mix of unit types. The breakdown includes 1,886 efficiencies, 2,437 one-bedroom units, 3,917 two-bedroom units, 3,052 three-bedroom units, and 285 four-bedroom units. This variety caters to different household sizes and needs within the low-income population.
Several projects target specific populations. For example, Tousst Teen Center (1998) focuses on special needs residents, while Encanto Village (2019) serves homeless and formerly homeless veterans, addressing unique housing challenges within these communities.
Over the past decade, San Diego's population has shown moderate growth, increasing from 1,311,886 in 2010 to 1,381,182 in 2022. During this period, the median income rose significantly from $63,456 in 2013 to $100,010 in 2022, a 57.6% increase. This income growth may have influenced the demand for affordable housing.
The racial distribution in San Diego has remained relatively stable, with slight increases in Asian and multiracial populations. The Hispanic population has maintained around 30% of the total, while the White population has decreased slightly from 43% to 40% between 2013 and 2022.
San Diego's LIHTC-funded affordable housing inventory represents a small but significant portion of the city's housing stock. The city has consistently developed affordable housing projects over the past three decades, with a diverse range of unit types to accommodate various household sizes. The focus on special needs populations and veterans in some projects demonstrates an effort to address specific community needs. While the LIHTC program has contributed substantially to affordable housing in San Diego, the city's growing population and rising median income suggest an ongoing need for affordable housing solutions.