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Vallejo's LIHTC-Funded Affordable Housing: A Demographic and Inventory Analysis
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Vallejo, a city in California, has a significant Low-Income Housing Tax Credit (LIHTC) funded affordable housing inventory. The city has 1,337 total units in LIHTC-funded projects, with 1,192 designated as low-income units. This represents approximately 2.82% of the city's estimated 47,350 housing units.
Vallejo has received $6,648,363 in project tax credits for affordable housing through the LIHTC program. With approximately 12 projects, this averages $554,030 per project or about $4,972 in federal funding per unit. Vallejo holds 0.22% of California's total LIHTC funding, indicating its relative importance in the state's affordable housing landscape.
The city's LIHTC-funded affordable housing development spans from 1998 to 2013. The first project, Friendship Estates Apts, was completed in 1998, while the most recent, Temple Art Lofts, was finished in 2013. This 15-year period demonstrates a sustained commitment to affordable housing development in Vallejo.
The early 2000s saw the most activity in affordable housing development, with multiple projects completed between 1999 and 2003. Notable projects from this period include Marina Heights, Marina Vista I and II, and Solano Vista Senior.
Vallejo's LIHTC-funded housing stock comprises 18 efficiencies, 667 one-bedroom units, 370 two-bedroom units, 110 three-bedroom units, and 9 four-bedroom units. This distribution suggests a focus on accommodating various household sizes, with emphasis on smaller households.
Over the past decade, Vallejo's population increased from 118,855 in 2013 to 123,583 in 2022. The median income rose from $56,532 in 2013 to $88,063 in 2022, indicating improving economic conditions for many residents.
The racial composition of Vallejo has remained diverse but with some shifts. The Hispanic population increased from 25% in 2013 to 28% in 2022, while the Asian population remained relatively stable around 23-24%. The Black population decreased slightly from 20% to 19%, and the White population decreased from 27% to 19%.
Despite demographic changes and income improvements, no new LIHTC projects were completed after 2013. This could suggest that other affordable housing initiatives may have been implemented or that the existing LIHTC inventory was deemed sufficient to meet the city's needs during this period.
Vallejo's LIHTC-funded affordable housing inventory represents a small but significant portion of its housing stock. The city has utilized federal funding to create a diverse range of affordable units, with a concentration of development in the early 2000s. While demographic trends show population growth and increasing median income, the lack of recent LIHTC projects suggests a potential shift in affordable housing strategies or needs assessment in the city.
