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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The zip code 91750 in La Verne, California houses a population of 33,999 as of 2022. This area has implemented Low-Income Housing Tax Credit (LIHTC) funded affordable housing, totaling 145 units, with 143 designated as low-income units. The LIHTC-funded affordable housing comprises approximately 1.1% of the zip code's estimated housing inventory of 13,026 units.
The LIHTC program has allocated $1,740,671 in tax credits for affordable housing projects in zip code 91750. This equates to an average federal funding of $12,004 per unit. Zip code 91750 represents 0.06% of the total LIHTC funding distributed to California.
Affordable housing has been present in zip code 91750 for nearly two decades. The first project, Vintage Grove Senior Apts, was completed in 1999, and the most recent, Cedar Springs Apartments, was finished in 2016. The 2010s marked the most recent period of affordable housing development in this area.
The affordable housing inventory in zip code 91750 consists of 94 one-bedroom units, 26 two-bedroom units, and 7 three-bedroom units. This distribution indicates a focus on accommodating smaller households and potentially senior residents.
The population of zip code 91750 has remained relatively stable over the past decade, decreasing slightly from 34,675 in 2015 to 33,999 in 2022. The median income has increased from $90,053 in 2015 to $98,222 in 2022, indicating overall economic growth in the area.
Racial demographics in zip code 91750 have shifted slightly. The Hispanic population increased from 32% in 2015 to 36% in 2022, while the White population decreased from 52% to 45% during the same period. The Asian and Black populations have remained relatively stable at approximately 10% and 4% respectively.
The most recent LIHTC project, Cedar Springs Apartments, was completed in 2016, coinciding with a period of population growth and increasing median income. This suggests that the development was responding to a growing need for affordable housing options in an increasingly prosperous area.
Zip code 91750 in La Verne, California, has a modest LIHTC-funded affordable housing inventory, comprising about 1.1% of the estimated housing stock. The area has seen two LIHTC projects developed over nearly two decades, with a focus on one-bedroom units. The relatively stable population, increasing median income, and shifts in racial demographics highlight the ongoing importance of maintaining and potentially expanding affordable housing options to ensure a diverse and inclusive community.