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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 90068, located in Los Angeles, California, contains 97 affordable housing units funded by the Low-Income Housing Tax Credit (LIHTC) program. Of these units, 75 are specifically designated as low-income. The estimated housing inventory in this zip code is 8,089 units, indicating that LIHTC-funded affordable housing represents approximately 1.2% of the area's housing stock.
The LIHTC program has allocated $560,105 in tax credits for affordable housing projects in zip code 90068. This equates to an average federal funding of $5,774 per unit. The zip code's allocation represents 0.02% of the total LIHTC funding distributed to California.
Affordable housing development in this community spans over 30 years. The initial LIHTC project, Primrose Terrace Apartments, was completed in 1987. The most recent addition, HCHC Recap I, was finished in 2016. The 1990s marked a significant period of affordable housing development, with projects such as Werner Illing House completed in 1995.
The LIHTC-funded housing in zip code 90068 offers a range of unit types. The 97 total units consist of 38 efficiencies, 3 one-bedroom units, 17 two-bedroom units, 13 three-bedroom units, and 9 four-bedroom units. This variety accommodates different household sizes and needs within the community.
The population in zip code 90068 has remained relatively stable over the past decade, ranging between 21,000 and 22,500 residents. The median income has increased from $99,440 in 2013 to $108,240 in 2022, with some fluctuations during this period. This rise in median income may partially account for the limited recent development of LIHTC projects in the area.
Racial demographics in zip code 90068 have shown minor changes. The white population decreased slightly from 75% in 2013 to 71% in 2022. The Hispanic population increased from 9% to 13% during the same period. The Asian and Black populations have remained relatively constant at approximately 5-6% each.
Zip code 90068 has a modest LIHTC-funded affordable housing inventory, comprising about 1.2% of the estimated housing stock. LIHTC investments in this area span from 1987 to 2016, with a diverse mix of unit types. While the population has remained stable, the increasing median income over the past decade may have influenced the recent pace of affordable housing development. The racial composition has experienced slight shifts, with a small decrease in the white population and an increase in the Hispanic population.