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Affordable Housing Analysis in Zip Code 91746: Industry's Hojas De Plata Apts
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
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Affordable Housing
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 91746, located in Industry, California, has a population of 30,873 as of 2022. This area has one Low-Income Housing Tax Credit (LIHTC) funded affordable housing project, providing a total of 53 affordable units, of which 52 are designated as low-income units. Based on the estimated housing inventory of 11,829 units, the LIHTC-funded affordable housing covers approximately 0.45% of the zip code's housing stock.
The LIHTC project in this zip code received $288,269 in tax credits, which translates to an average federal funding of $5,439 per unit. This funding represents 0.01% of California's total LIHTC allocation, indicating a relatively small contribution to the state's overall affordable housing efforts.
The sole LIHTC project in this zip code, Hojas De Plata Apts, was completed in 2007. This project has been providing affordable housing options in the area for over 15 years. All 53 units in this development are one-bedroom apartments, catering to individuals or small households.
Over the past decade, the population in zip code 91746 has shown a slight decline, from 33,418 in 2018 to 30,873 in 2022. Despite this decrease, the median income has increased from $71,724 in 2018 to $77,723 in 2022, suggesting an improving economic situation for some residents.
The racial composition of the area has remained relatively stable, with a predominantly Hispanic population (83% in 2022). There has been a slight increase in the Asian population, from 9% in 2013 to 11% in 2022, while other racial groups have maintained relatively constant proportions.
The lack of additional LIHTC projects in the last decade could be attributed to the rising median income, which might indicate a reduced need for affordable housing. However, it is important to note that other affordable housing programs not captured in this data may be addressing local needs.
Zip code 91746 has one LIHTC-funded affordable housing project, Hojas De Plata Apts, which provides 53 one-bedroom units. While this project represents a small portion of the area's housing stock, it has been serving the community since 2007. The area has experienced a slight population decrease and income increase over the past decade, with a stable racial composition dominated by Hispanic residents. These demographic trends may influence the perceived need for additional affordable housing in the area.
