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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The 95691 zip code in West Sacramento, California, contains a significant inventory of affordable housing funded by the Low-Income Housing Tax Credit (LIHTC) program. This area encompasses 886 total affordable housing units, with 858 specifically designated as low-income units. Based on the 2022 population of 41,313 and an estimated 15,829 housing units, the LIHTC-funded affordable housing represents approximately 5.6% of the zip code's estimated housing inventory.
The LIHTC program has made substantial investments in this zip code, with project tax credits totaling $6,783,993. This equates to an average federal funding of about $7,657 per unit. Notably, this zip code accounts for 0.22% of California's total LIHTC funding, indicating a significant concentration of affordable housing investment in this area.
Affordable housing has been a consistent feature of this zip code, with projects spanning from 1996 to 2016. The earliest project, Holly Courts, was completed in 1996, while the most recent, West Gateway Place, was finished in 2016. This 20-year span demonstrates a sustained commitment to affordable housing in the area.
The 2010s saw the most significant development of affordable housing projects, with six out of nine projects completed during this decade. Notable projects from this period include Mosaic Gardens At Holly Courts, West Capitol Courtyards I and II, and The Rivermark, all completed in 2014.
The affordable housing inventory in this zip code is diverse, comprising 6 efficiencies, 245 one-bedroom units, 404 two-bedroom units, 174 three-bedroom units, and 24 four-bedroom units. This mix caters to various household sizes and needs within the low-income population.
Over the past decade, the zip code has experienced steady population growth, increasing from 36,528 in 2013 to 41,313 in 2022. Alongside this growth, median income has risen from $73,967 in 2013 to $87,573 in 2022, indicating improving economic conditions.
The racial composition of the area has remained relatively stable, with some notable shifts. The White population has slightly decreased from 48% in 2013 to 46% in 2022, while the Asian population has increased from 9% to 13%. The Hispanic population has remained constant at 30% during this period.
The consistent development of LIHTC projects throughout the 2010s aligns with the area's population growth and evolving demographics, suggesting a responsive approach to the changing housing needs of the community.
The 95691 zip code in West Sacramento demonstrates a significant commitment to affordable housing through the LIHTC program. With 886 total units, including 858 low-income units, the area has consistently developed affordable housing projects over two decades. The diverse unit mix and substantial federal investment indicate a concerted effort to address various housing needs. The LIHTC-funded units represent 5.6% of the estimated housing inventory and play a crucial role in providing affordable options in an area experiencing population growth and rising median incomes.