The LIHTC-funded projects in zip code 92551 offer a variety of unit types to accommodate different family sizes and needs. The distribution includes 117 two-bedroom units, 142 three-bedroom units, and 68 four-bedroom units.

Zip code 92551 has experienced consistent population growth over the past decade, increasing from 31,560 in 2013 to 35,586 in 2022. The median income has also risen substantially, from $60,597 in 2013 to $77,526 in 2022, representing a 28% increase.

The racial demographics in the zip code have undergone slight changes. The Hispanic population increased from 58% in 2013 to 67% in 2022. The Black population remained relatively stable at approximately 18-19%, while the White population decreased from 13% to 7% during this period.

These demographic shifts, particularly the rising median income, may have contributed to the absence of new LIHTC projects since 2013. However, the growing population and changes in racial composition could indicate evolving housing needs that may necessitate future affordable housing initiatives.

In summary, zip code 92551 in Moreno Valley has a modest but significant LIHTC-funded affordable housing presence, comprising nearly 3% of the estimated housing inventory. The area received over $2.3 million in tax credits for these projects, which were completed between 2010 and 2013. The affordable housing stock provides a mix of unit sizes, predominantly two and three-bedroom apartments. Although there have been no new LIHTC projects in recent years, the area has experienced population growth and a substantial increase in median income, factors that may influence future affordable housing needs and development.