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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The 92672 zip code of San Clemente, California, a coastal community known for its beaches and Mediterranean climate, has benefited from the Low-Income Housing Tax Credit (LIHTC) program's funding for affordable housing projects. This zip code area contains 217 units in LIHTC-funded projects, with 176 designated as low-income units. These affordable housing units represent approximately 1.54% of the estimated 14,064 housing units in the zip code.
The LIHTC program has invested $2,315,863 in tax credits for affordable housing projects in the 92672 zip code. This investment averages about $10,672 per unit across all LIHTC-funded projects. The zip code's allocation represents 0.08% of California's total LIHTC funding, indicating a small but notable contribution to the state's affordable housing efforts.
Affordable housing has been present in this zip code for at least two decades. The earliest recorded LIHTC project, Vintage Shores, was completed in 2002. The most recent projects, Las Palmas Village and The Presidio, were both completed in 2015, marking a period of increased affordable housing development. The 2010s saw the most affordable housing activity, with three out of four projects completed during this decade.
The LIHTC-funded housing stock in the 92672 zip code consists of 18 efficiencies, 142 one-bedroom units, and 57 two-bedroom units. This distribution suggests a focus on smaller households and potentially senior living arrangements. One notable project, SC Senior Apartments, completed in 2014, specifically targets individuals with mental illness, addressing a unique housing need within the community.
Over the past decade, the population in the 92672 zip code has remained relatively stable, fluctuating between 36,000 and 38,000 residents. The median income has shown an overall upward trend, increasing from $85,082 in 2013 to $96,838 in 2022, with a peak of $111,202 in 2021. This rise in median income might indicate a growing need for affordable housing options to maintain economic diversity in the area.
The racial composition of the 92672 zip code has remained fairly consistent, with a slight decrease in the white population from 72% in 2013 to 69% in 2022. The Hispanic population has fluctuated between 19% and 24% during this period. The Asian and Black populations have remained stable at around 3% and 2% respectively. The increase in residents identifying as two or more races, from 2% in 2013 to 5% in 2022, reflects growing diversity in the area.
The 92672 zip code area of San Clemente has a modest but important LIHTC-funded affordable housing inventory, representing about 1.54% of the estimated housing stock. The area has seen continued investment in affordable housing over the past two decades, with a concentration of development in the 2010s. The housing mix predominantly consists of smaller units, potentially catering to seniors and individuals with specific needs. While the median income has risen over the past decade, the stable population and slight shifts in racial composition suggest an ongoing need for diverse housing options to maintain community balance and inclusivity.