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San Leandro's LIHTC-Funded Affordable Housing: A Three-Decade Commitment
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
San Leandro, a city in California's East Bay region, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city's LIHTC program has contributed 1,377 total units, with 597 specifically designated as low-income units. Based on the estimated housing inventory of 33,242 units, LIHTC-funded affordable housing represents approximately 4.14% of the city's housing stock.
San Leandro has received $10,537,957 in project tax credits for affordable housing through the LIHTC program. With approximately 11 projects, this translates to an average of $957,996 in federal funding per project. When distributed across all LIHTC-funded units, it amounts to about $7,653 per unit. San Leandro holds 0.34% of California's total LIHTC funding, indicating a modest but significant contribution to the state's affordable housing efforts.
The city's commitment to affordable housing spans over three decades, with the earliest LIHTC project, Cherry Blossom, completed in 1990, and the most recent, San Leandro Senior Apartments, finished in 2019. The 2010s saw the most activity in affordable housing development, with several projects completed during this decade, including Estabrook Senior Housing, Eden Lodge, Fargo Senior Center, Lakeside Village Apartments, Fuller Lodge, and Las Palmas Apartments.
San Leandro's LIHTC-funded housing stock is diverse, featuring 318 efficiencies, 790 one-bedroom units, 242 two-bedroom units, and 2 three-bedroom units. This distribution suggests a focus on accommodating smaller households and potentially senior citizens.
Analyzing demographic trends over the past decade, San Leandro's population has remained relatively stable, with a slight increase from 85,159 in 2010 to 86,761 in 2022. The median income has shown significant growth, rising from $63,803 in 2013 to $92,651 in 2022, which may indicate changing housing needs in the city.
Racial demographics have also shifted, with the Asian population increasing from 32% in 2013 to 42% in 2022, while the Black population decreased from 13% to 8% during the same period. The Hispanic population has remained relatively stable, around 25-27%, and the White population has decreased slightly from 25% to 21%.
In summary, San Leandro's LIHTC-funded affordable housing inventory represents a small but important portion of the city's housing stock. The city has consistently developed affordable housing projects over the past three decades, with a notable concentration in the 2010s. The changing demographics and rising median income suggest evolving housing demands that may influence future affordable housing strategies in the city.
