Loading Content...
Upland's LIHTC-Funded Affordable Housing: A Decade of Growth and Diversity
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Loading Content...
Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Upland, California, has a population of 78,851 as of 2022. The city's Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory comprises 348 total units, with 345 designated as low-income units. Based on the estimated housing inventory of 30,211 units, LIHTC-funded affordable housing represents approximately 1.15% of the city's housing stock.
Upland has received $1,294,278 in project tax credits through the LIHTC program. With three LIHTC-funded projects, this amounts to an average of $431,426 per project. The average federal funding per unit is $3,719, considering the total of 348 units in LIHTC-funded projects. Upland holds 0.04% of California's total LIHTC funding, indicating a relatively small share of the state's affordable housing resources.
The city's LIHTC-funded affordable housing development spans from 1997 to 2016. The first project, Coy D Estes Senior Housing, was completed in 1997, and the most recent, Sycamore Terrace, in 2016. The 2000s saw the most affordable housing development, with two projects completed during this decade. The LIHTC-funded housing inventory in Upland consists primarily of 141 one-bedroom units and 96 two-bedroom units.
Upland's population has grown steadily over the past decade, increasing from 75,420 in 2013 to 78,851 in 2022. During this period, the median income rose from $56,782 in 2013 to $97,838 in 2022, indicating improving economic conditions for many residents.
The racial composition of Upland has remained relatively stable in recent years. As of 2022, the city's population is 43% Hispanic, 33% White, 10% Black, and 9% Asian. The completion of Sycamore Terrace in 2016 aligns with a period of increasing diversity in the city.
Upland's LIHTC-funded affordable housing inventory provides 345 low-income units to the community. The city has experienced consistent population growth and significant income increases over the past decade. While LIHTC projects cover only a small percentage of the city's estimated housing stock, they represent an important component of Upland's efforts to provide affordable housing options. The focus on one-bedroom and two-bedroom units in these projects reflects a strategy to address the needs of various household sizes within the low-income population.
