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Affordable Housing Analysis in Zip Code 92010: A Decade of LIHTC Development in Carlsbad, California
CATEGORY
Affordable Housing
DATA
LIHTC Projects
Median Income
Racial Distributions
Population
Zip code 92010 in Carlsbad, California, contains a notable presence of Low-Income Housing Tax Credit (LIHTC) funded affordable housing. The area's LIHTC inventory comprises 184 total units, with 182 designated as low-income units. Based on the 2022 population of 18,517 and using the national average household size of 2.61, the estimated number of housing units in the zip code is approximately 7,095. The LIHTC funded affordable housing represents about 2.59% of the estimated housing inventory in this area.
The LIHTC projects in zip code 92010 have received $1,607,938 in tax credits, averaging approximately $8,739 per unit. This funding constitutes 0.05% of California's total LIHTC allocation, indicating a relatively small but significant contribution to the state's affordable housing efforts. Affordable housing has been present in this zip code since at least 2004, with the completion of the Mariposa Apartments. The most recent project, Glen Ridge Apartments, was completed in 2008, suggesting a four-year period of LIHTC development activity. The 2000s saw the most affordable housing development in this area.
The LIHTC inventory in zip code 92010 consists primarily of two- and three-bedroom units, with 93 two-bedroom and 64 three-bedroom units. There are also 18 one-bedroom units, providing a mix of housing options for different household sizes. The projects do not include any efficiency units or four-bedroom units.
Over the past decade, the population in zip code 92010 has shown steady growth, increasing from 17,587 in 2013 to 18,517 in 2022. The median income has fluctuated, peaking at $119,298 in 2018 and settling at $101,533 in 2022. This relatively high median income might suggest a reduced need for additional affordable housing in recent years.
The racial composition of the area has become more diverse over the past decade. The white population decreased from 77% in 2013 to 63% in 2022, while the Asian population increased from 8% to 14%. The Hispanic population has remained relatively stable, ranging between 12% and 18%. This increasing diversity could potentially influence future affordable housing needs and demographics.
Zip code 92010 in Carlsbad, California, has a modest LIHTC funded affordable housing inventory, covering about 2.59% of the estimated housing units. The area received significant LIHTC investment in the 2000s, resulting in 184 total units across two projects. While the population has grown steadily over the past decade, the relatively high median income might explain the lack of recent LIHTC developments. The increasing racial diversity in the area could potentially influence future affordable housing needs and planning.
