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Affordable Housing Analysis in Santa Rosa's 95409 Zip Code: LIHTC Funded Units and Demographic Trends
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The 95409 zip code in Santa Rosa, California, contains 365 total units of Low Income Housing Tax Credit (LIHTC) funded affordable housing, with 359 designated as low-income units. This inventory represents approximately 3.9% of the estimated 9,300 housing units in the zip code, based on the 2022 population of 24,272.
LIHTC projects in this zip code have received $1,520,054 in project tax credits, averaging $4,164 per unit in federal funding. This amount constitutes 0.05% of California's total LIHTC funding. Affordable housing has been present in this zip code for over a decade, with the first LIHTC projects, Mission Suites Apts and Santa Rosa Garden, completed in 2001.
The most recent LIHTC project, Sonoma Creekside Apts, was completed in 2013. The 2010s saw the most affordable housing development, with three projects completed: Windham Village (2011), Acacia Lane Senior Apts (2012), and Sonoma Creekside Apts (2013). The LIHTC funded housing in this zip code offers a diverse range of unit types, including 80 efficiencies, 139 one-bedroom units, 78 two-bedroom units, and 48 three-bedroom units.
The zip code's population has remained relatively stable over the past decade, fluctuating between 23,720 and 24,994 residents. The median income has increased significantly, rising from $77,266 in 2013 to $89,369 in 2022, with a peak of $100,052 in 2021. This upward trend in median income may indicate a growing need for affordable housing options to maintain economic diversity in the area.
Racial demographics in the 95409 zip code have shifted slightly. The white population decreased from 79% in 2013 to 70% in 2022, while the Hispanic population increased from 14% to 19%. The Asian population also grew from 3% to 7% during this period. These changes suggest a gradual diversification of the community, which may influence future affordable housing needs.
In summary, the 95409 zip code in Santa Rosa has a modest LIHTC funded affordable housing inventory, covering about 3.9% of the estimated housing stock. The area has seen consistent development of affordable housing over the past two decades, with the most recent project completed in 2013. The diverse unit types cater to various household sizes. While the population has remained stable, rising median incomes and increasing racial diversity may influence future affordable housing needs in this zip code.
