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Affordable Housing Analysis in St. Helena, California ZIP Code 94574: Three Decades of LIHTC Development
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
St. Helena, California, zip code 94574, contains 186 Low-Income Housing Tax Credit (LIHTC) funded affordable housing units, with 184 designated as low-income units. Based on the 2022 population of 7,554 and an estimated 2,894 housing units, LIHTC-funded affordable housing comprises approximately 6.4% of the zip code's estimated housing inventory.
The LIHTC program has invested $1,267,746 in tax credits for affordable housing projects in this zip code, averaging about $6,816 per unit. This zip code holds 0.04% of California's total LIHTC funding, indicating a significant investment in affordable housing for the area.
Affordable housing development in this community spans nearly three decades. The initial LIHTC project, Hunt's Grove Apartments, was completed in 1992, while the most recent, Stonebridge Apartments, was finished in 2015. The 2010s saw the most affordable housing development, with two projects completed: Woodbridge Village Apartments in 2013 and Stonebridge Apartments in 2015.
The affordable housing inventory in this zip code offers a range of unit sizes to accommodate different household needs. There are 56 one-bedroom units, 38 two-bedroom units, 28 three-bedroom units, and 8 four-bedroom units. This variety addresses the housing needs of different family sizes and compositions within the low-income population.
The population in this zip code has remained relatively stable over the past decade, decreasing slightly from 8,454 in 2013 to 7,554 in 2022. The median income has fluctuated, reaching $117,226 in 2021 before settling at $102,575 in 2022. Despite these income levels, the presence of LIHTC projects indicates a recognized need for affordable housing in the area.
The racial composition of the zip code has remained fairly consistent, with a slight increase in diversity. The white population has remained the majority, accounting for 71% of residents in 2022, while the Hispanic population has grown slightly to 24%. This demographic stability may have influenced the steady development of affordable housing projects over the years.
The 94574 zip code in St. Helena, California, demonstrates a commitment to affordable housing through its LIHTC-funded projects. These developments cover about 6.4% of the estimated housing inventory. The area has seen consistent investment in affordable housing over nearly three decades, with the most recent projects completed in the 2010s. The diverse range of unit sizes in these projects helps address various housing needs within the community. The continued presence of LIHTC projects underscores an ongoing commitment to providing affordable housing options in this California locale.
