Santa Ana's involvement with LIHTC-funded housing began in 1992 with La Gema Del Barrio and continued through 2021 with the Tiny Tim project. The 2010s marked the most significant period of affordable housing development, with 11 projects completed.

The LIHTC-funded housing stock in Santa Ana offers diverse unit types. The inventory includes 69 efficiencies, 648 one-bedroom units, 260 two-bedroom units, 194 three-bedroom units, and 15 four-bedroom units. This distribution accommodates various household sizes and needs within the low-income population.

Demographic trends over the past decade show that Santa Ana's population peaked in 2015 at 335,423 and decreased to 308,203 in 2022. Despite this population decline, the median income increased from $47,914 in 2013 to $79,351 in 2022. This rising income trend may partially explain the slower pace of recent LIHTC project development.

Racial demographics have remained relatively stable. The Hispanic population has consistently represented the majority at approximately 77-78% of the total population. The Asian population increased slightly from 10% in 2013 to 13% in 2022, while other racial groups maintained relatively consistent proportions.

In conclusion, Santa Ana's LIHTC-funded affordable housing inventory, while substantial, represents a small portion of the city's overall housing stock. The city has utilized federal funding to create diverse affordable units over nearly three decades. Despite recent population decreases, rising median incomes, and stable racial demographics, the ongoing development of LIHTC projects indicates a continued commitment to addressing affordable housing needs in the community.