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Affordable Housing Analysis in Zip Code 91801: LIHTC Funding and Demographic Stability
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 91801, located in Alhambra, California, has a population of 53,862 as of 2022. This area has benefited from Low-Income Housing Tax Credit (LIHTC) funded affordable housing, with a total of 205 units, of which 203 are designated as low-income units. Based on the estimated housing inventory of 20,637 units, the LIHTC-funded affordable housing covers approximately 1% of the zip code's housing stock.
The LIHTC program has invested $779,975 in tax credits for affordable housing projects in this zip code. This translates to an average federal funding of about $3,805 per unit. This zip code holds 0.03% of the total state LIHTC funding, indicating a relatively small portion of California's overall affordable housing investment.
Affordable housing has been present in this zip code since at least 1999, with the completion of Main Street Plaza. The most recent project, Wysong Village Apartments, was completed in 2006, suggesting a seven-year span of LIHTC-funded development in the area. The 2000s saw the most affordable housing project completions in this zip code.
The affordable housing inventory in 91801 consists primarily of one-bedroom units, with 183 in total, complemented by 22 two-bedroom units. This distribution suggests a focus on housing for smaller households or individuals.
Over the last decade, the population in zip code 91801 has remained relatively stable, with minor fluctuations. The median income has shown an overall increasing trend, rising from $60,437 in 2013 to $69,072 in 2022. This income growth may indicate changing housing needs in the area.
The racial composition of the zip code has remained fairly consistent, with Asian residents comprising the largest group at around 53%, followed by Hispanic residents at about 33%. This demographic stability suggests that the existing affordable housing continues to serve a diverse community.
Zip code 91801 in Alhambra, California, has a modest LIHTC-funded affordable housing inventory, covering approximately 1% of its estimated housing stock. The area has seen two LIHTC projects completed between 1999 and 2006, providing 205 units, predominantly one-bedroom apartments. While the population has remained stable, increasing median incomes over the past decade may indicate evolving housing needs in the community. The consistent racial diversity in the area suggests that the existing affordable housing continues to serve a mixed population.
