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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
The 90755 zip code in Signal Hill, California, contains a diverse inventory of affordable housing funded by the Low-Income Housing Tax Credit (LIHTC) program. This area encompasses 152 affordable housing units, with 68 specifically designated as low-income units. Based on the 2022 population of 11,748 and an estimated 4,501 housing units, LIHTC-funded affordable housing represents approximately 3.4% of the zip code's estimated housing inventory.
The LIHTC program has invested $2,183,482 in tax credits for affordable housing projects in this zip code, averaging about $14,365 per unit in federal funding. This zip code accounts for 0.07% 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 since at least 2003, with the completion of Las Brisas Community Housing. The most recent project, Las Brisas II, was completed in 2007, suggesting a four-year period of LIHTC-funded development activity. The 2000s were the most active decade for affordable housing construction in this area.
The affordable housing inventory in this zip code consists of various unit types. There are 21 one-bedroom units, 82 two-bedroom units, and 49 three-bedroom units, accommodating diverse household sizes and needs. Las Brisas Community Housing specifically targets special needs populations, indicating a focus on providing housing for vulnerable groups.
Over the past decade, the population in this zip code has shown slight fluctuations, growing from 11,392 in 2013 to 11,748 in 2022. The median income has increased from $75,495 in 2013 to $85,420 in 2022, potentially indicating improved economic conditions for residents.
Racial demographics have remained relatively stable, with some notable shifts. The Hispanic population has increased from 37% in 2013 to 40% in 2022, while the Asian population has remained steady at around 22-25%. The Black population has decreased from 13% to 9%, and the White population has fluctuated between 23-31% during this period.
Despite the lack of new LIHTC projects in the last decade, the demographic data suggests a continued need for affordable housing. The increasing median income might indicate rising housing costs, potentially putting pressure on low-income residents.
The 90755 zip code in Signal Hill has a modest LIHTC-funded affordable housing inventory, covering about 3.4% of the estimated housing stock. With two projects completed in the early 2000s, this area has maintained a consistent affordable housing presence. The diverse unit mix and special needs focus demonstrate an effort to address various housing needs. While demographic trends show economic improvement, the persistent diversity and population growth suggest an ongoing need for affordable housing options in this community.